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The whole Gamestop brouhaha reminds me of the explanation I made for stock market prices a while back on reddit's ELI5 forum:

"There is no magic formula that predicts what stock prices will be (whoever discovers that first will be rich). It's largely a matter of perception and psychology. Sometimes stock prices move mainly because of rumors or speculation." -> basically everything's made up, lol

And if I may add, if this reddit thing ends up as a catalyst to topple/reform capitalism, unlikely as it may seem, I would find that hilarious

Thu, Jan. 28, 2021, 1:57 p.m. / / notes / / Syndicated: twitter 2 others

Last modified at: Jan. 28, 2021, 2 p.m. Source file