2021/01/27

r/wallstreetbets vs. The Hamptons

“Instead of having ‘idea dinners’ or quiet whispered conversations amongst hedge funds in the Hamptons these kids have the courage to do it transparently in a forum.”
– Tech investor Chamath Palihapitiya, rebuffing the suggestion that r/wallstreetbets’ crowdsourced investment (that sent moribund brick-and-mortar retailer Game Stop’s stock to the moon) was market manipulation
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$40 USD