this post was submitted on 31 Oct 2023
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It's not that they wanted GameStop to win. They wanted Wall Street to lose.
I think you are right, at the start they had noble intentions hidden behind a get rich quick scheme.
But then they all became GME holders, they had a vested interest. So now they act like the shitty video game store in the mall is actually cool and innovative and soon some management changes and NFT nonsense will turn the company around.
In some small way, they became what they sought to destroy.
Outside of people clearly being facetious on WSB, I literally never see anybody genuinely have this attitude toward GameStop.
If every pro-GameStop post on r/WSB and r/Superstonk was actually a joke then they have achieved levels of sarcasm far beyond what I thought possible.
What starts out as a joke turns real as people who don't understand it's a joke join in.
The act is very important in the event of an SEC investigation. Since I don’t hold stock in the company, I’m safe to say this, but basically if they wrote “Yeah, I don’t have any faith in the company itself, I just caught Wall Street tycoons making an insane short sell” then that comment could become a major exhibit in an exchange fraud case that makes them forfeit their shares.