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The market exists for rich people to manipulate it. Might as well let the masses manipulate it too
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Jan 22, 2021 22:10
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If it hasn't already happened big trading firms are going to start reading and/or maybe even posting on WSB aren't they?
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Jan 22, 2021 22:12
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Lib and let die posted:i don't understand any of this poo poo, but if the market is so fragile that loving reddit can do stuff to it, maybe we shouldn't have the market? pretty sure GameStop's business model at this point is to sell lovely 3rd party accessories and funko pops
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Jan 22, 2021 22:27
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The Nastier Nate posted:pretty sure GameStop's business model at this point is to sell lovely 3rd party accessories and funko pops I peeked my head into a gamestop a few times when I was doing physical therapy last year. It's just funko pops, hot topic quality shirts and accessories, and used games that are almost definitely stolen
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Jan 22, 2021 22:29
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Zzulu posted:The market exists for rich people to manipulate it. Might as well let the masses manipulate it too Rich people super don't like shitheads being able to gently caress up their plans. It owns.
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Jan 22, 2021 22:31
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Zzulu posted:The market exists for rich people to manipulate it. Might as well let the masses manipulate it too lol if you think the masses are coming out of this with more money than before maybe one of the rich guys makes a little less, but some other rich guys make a little more instead its not the masses who make anything
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Jan 22, 2021 22:49
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It owns that a bunch of shitposters cost some big corporation millions.
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Jan 22, 2021 22:49
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what did wallstreetbets do exactly
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Jan 22, 2021 22:54
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if you do not already subscribe, Matt Levine at Bloomberg has great coverage of WSB/Robinhood investing in his newsletter, Money Stuff. most of the time when you see stuff like GameStop it is basically a bunch of bored redditors running a pump and dump on WSB. Then Robinhood shows that it’s trending because of the volume and price volatility, and bunch of other morons get in it. it’s had some pretty funny effects, like the time Hertz went bankrupt, effectively rendering its stock worthless. but then a bunch of Robinhood traders drove the price up, and Hertz even tried to sell some new issue stock, because if people want to buy worthless stock for more than zero dollars, might as well be the one who sells it to them. they got shut down eventually, but Robinhood has caused some pretty hilarious stock swings. see also: stocks with similar names to other stocks/products in the news, like Signal, last week.
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Jan 22, 2021 22:56
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Dr Pepper posted:It owns that a bunch of shitposters cost some big corporation millions. ffs they didnt cost them anything
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Jan 22, 2021 23:19
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Hurt Whitey Maybe posted:if you do not already subscribe, Matt Levine at Bloomberg has great coverage of WSB/Robinhood investing in his newsletter, Money Stuff. rational actors
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Jan 22, 2021 23:22
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Zzulu posted:The market exists for rich people to manipulate it. Might as well let the masses manipulate it too I say as I don my tophat and step into my model T and head downtown in 1929
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Jan 22, 2021 23:25
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Carthag Tuek posted:ffs they didnt cost them anything They tried to short a stock, the price went up, how did they not lose money.
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Jan 22, 2021 23:34
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back in the early 2000s there was this introvert teenager who would buy lovely stocks and then hype them up on yahoo finance message boards and it was successful enough that the sec visited him e: https://www.nytimes.com/2001/02/25/magazine/jonathan-lebed-s-extracurricular-activities.html?pagewanted=all&src=pm inferis has issued a correction as of 23:48 on Jan 22, 2021 |
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Jan 22, 2021 23:45
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Dr Pepper posted:They tried to short a stock, the price went up, how did they not lose money. by "them" i mean the capitalists in general. maybe a specific hedge fund hosed up, but the rich still got richer and the poor still got poorer. you cant beat the market by daytrading
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Jan 22, 2021 23:52
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I guarantee that it will somehow turn out that everything was structured so the only people who lost money are a bunch of pension funds and grandma's 401k
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Jan 22, 2021 23:57
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Carthag Tuek posted:by "them" i mean the capitalists in general. maybe a specific hedge fund hosed up, but the rich still got richer and the poor still got poorer. I was taking about a specific hedge fund.
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Jan 23, 2021 00:04
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Dr Pepper posted:I was taking about a specific hedge fund. well, this: Shame Boy posted:I guarantee that it will somehow turn out that everything was structured so the only people who lost money are a bunch of pension funds and grandma's 401k
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Jan 23, 2021 00:09
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Hurt Whitey Maybe posted:if you do not already subscribe, Matt Levine at Bloomberg has great coverage of WSB/Robinhood investing in his newsletter, Money Stuff. well it’s not like the professionals are much better, remember when they bid up nintendo to an insane degree during the pokemon go craze until it was pointed out that it was run by a different company
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Jan 23, 2021 00:22
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skooma512 posted:The Heresy must be cleansed! grocery stores are desperate for a piece of that home delivery pie, so instacart is offloading most of the labor onto them and their employees
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Jan 23, 2021 03:48
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https://twitter.com/TheNYSocialist/status/1352819668575248385?s=19
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Jan 23, 2021 04:34
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jesus your country is weird and bad i mean all countries are, but yall are so blatant
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Jan 23, 2021 06:19
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Carthag Tuek posted:jesus your country is weird and bad https://www.youtube.com/watch?v=-gbEKy7eJak
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Jan 23, 2021 06:22
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i reported that for being misleading and wrote a personal comment to the moderator idk if its satire but i got mad
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Jan 23, 2021 06:32
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Edit: Wrong thread
ToxicAcne has issued a correction as of 21:55 on Jan 23, 2021 |
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Jan 23, 2021 21:38
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someone got me an uber eats gift card over Christmas and for the first time i used it to get a $17 order from a place a couple miles from me, the total cost ended up being about $28 there is a service fee, a delivery charge, a tip and an optional "priority fee" and my thought was i have no idea how much of that, if any, actually makes it to the drivers pocket. i'd never use it myself, i'd rather just call the restaurant directly but since my co-worker already gave uber money, i have to use it.
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Jan 23, 2021 23:24
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The Nastier Nate posted:someone got me an uber eats gift card over Christmas and for the first time i used it to get a $17 order from a place a couple miles from me, the total cost ended up being about $28 As far as I know: service fee does not, delivery charge does not, tip generally does (that can even be enforced by law in some places), priority fee kinda sorta not really does
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Jan 23, 2021 23:38
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They should really add a "convenience fee" as well, because it is so convenient!
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Jan 23, 2021 23:45
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The Nastier Nate posted:someone got me an uber eats gift card over Christmas and for the first time i used it to get a $17 order from a place a couple miles from me, the total cost ended up being about $28 service fee is a percentage of the food cost, and goes to Uber if you don't buy much food, they tack on a small order fee which goes to Uber delivery fee is a random number the algorithm makes up, and goes to Uber priority fee goes to Uber uber eats, like most gig services, claims that the tip goes entirely to drivers. some gig services cut workers' pay by the tip amount, but uber eats does not appear to be one of them
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Jan 23, 2021 23:51
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Main Paineframe posted:service fee is a percentage of the food cost, and goes to Uber if they get paid in addition to tips then presumably some of the delivery fee is going to them, I’d like to know how much so I can adjust my tips upward accordingly
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Jan 24, 2021 00:09
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indigi posted:if they get paid in addition to tips then presumably some of the delivery fee is going to them, I’d like to know how much so I can adjust my tips upward accordingly with how much money they lose, they are paid more from vc than actual customers also always tip in cash and never thru the app, help them avoid taxes
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Jan 24, 2021 00:17
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if only there was an app that has someone run to an ATM for you
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Jan 24, 2021 00:20
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indigi posted:if only there was an app that has someone run to an ATM for you There's an app a guy I know has been using that does that with lottery tickets. You give them money and they go to a gas station and buy tickets that they then scan to you. Jackpocket I think?
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Jan 24, 2021 00:31
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indigi posted:if they get paid in addition to tips then presumably some of the delivery fee is going to them, I’d like to know how much so I can adjust my tips upward accordingly driver pay is determined by the algorithm, and the amount a driver is paid for a particular order isn't necessarily directly linked to the amount a customer pays for one thing, it's super gameified with things like surge pricing and boost area bonuses and stuff presumably it's all setup to have some orders above cost and some orders below cost, so that the former can subsidize the latter
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Jan 24, 2021 01:45
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That website. Holy cow is that some obvious bullshit propaganda.
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Jan 24, 2021 02:21
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Jan 24, 2021 02:42
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If he were alive today, MLK would simply order his dream on Amazon.
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Jan 24, 2021 02:45
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Len posted:There's an app a guy I know has been using that does that with lottery tickets. You give them money and they go to a gas station and buy tickets that they then scan to you. Do you mean scratch offs? The whole fun of that is the 30 seconds of dopamine you get while scratching the boxes to see if you won. Just having someone text you a QR code saying you lost sounds cyberdystopia as hell and possibly filled with chances of fraud
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Jan 24, 2021 15:36
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I mean do you never go to convenience stores? the real addicts scratch them on the counter, and the people who are even further gone buy them and have the cashier scan them right there.
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Jan 24, 2021 15:44
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I got stuck behind a boomer who would get his tickets scanned, get new tickets with whatever he won, then have those scanned right away. The cashier for whatever reason was totally cool with him doing this for ten loving minutes
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Jan 24, 2021 15:48
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