705
Hey tech billionaires, if you want to talk about radical change, let’s abolish venture capitalism
(www.theguardian.com)
this post was submitted on 01 Nov 2023
705 points (93.9% liked)
Technology
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I'm fucking sick after reading this, where can I learn more?
Wait till you see the shit they pull on Wall Street with your 401k and the market in general. Did you know 90% of trades occur off market and do not hit the tape to affect the prices of stocks? Did you know Bernie Madoffs' invention of payment for order flow is the default model in your market now? Did you know market makers have an exemption to create fake shares for "liquidities" sake. Did you know if you aren't selling or buying in lots greater than 100 you most likely do not effect a stocks price if you are buying with a broker utilizing pfof (basically all of them) yet your financial news will claim retail moves markets.
Community college Econ courses?
If you want a dose of memes with it you could always read the superstonk dd library on the stock market as well.