The Automation Spiral (obligatory loleconomics thread v2)

[Arkaday]

lol

[rufuske]

Meme stocks might be making a comeback. Seeing on uptick in posts about Gamestop, GME is up 23% since Friday's low.

My own company is up 13% over the same time frame. Is this the bottom or a dead cat bounce?

At that point GME shouldn't be classified as meme stock. It's the most well researched stock with plethora of high quality DD available to retail.

[Keckers]

To regain meme status they'd have to rename themselves metastop

[Dorvil Barranis]

Gainstahp.

[Nordstern]

Holy markets, Batman. I read some DD that markets tended to dip at the beginning of invasions, then rally. Guess it was true.

[Hel OWeen]

Confimrs the old stock market wisdom: "Buy, if there's blood on the streets."

[Nordstern]

World's richest man says he will buy a social media company, declines to say how he will finance it. Pressed for answers, he decides to go with a debt-financed plan. He then declines to explain how he will pay the estimated $1 bil/year interest.

Said individual also promised to spend $6 billion to end world hunger if the UN presented a budget to do so, then fucked off when the UN actually did it.

Amazing.

[rufuske]

World's richest man says he will buy a social media company, declines to say how he will finance it. Pressed for answers, he decides to go with a debt-financed plan. He then declines to explain how he will pay the estimated $1 bil/year interest.

Said individual also promised to spend $6 billion to end world hunger if the UN presented a budget to do so, then fucked off when the UN actually did it.

Amazing.

Plot twist, he doesn't want to pay the interest. He wants to leave bank with overpriced Tesla stocks which they asked for as collateral and not pay back a dime. It's an elaborate plot to dump overpriced stocks without selling them on market by means of acquiring another company not valued as high.

[Nordstern]

World's richest man says he will buy a social media company, declines to say how he will finance it. Pressed for answers, he decides to go with a debt-financed plan. He then declines to explain how he will pay the estimated $1 bil/year interest.

Said individual also promised to spend $6 billion to end world hunger if the UN presented a budget to do so, then fucked off when the UN actually did it.

Amazing.

Plot twist, he doesn't want to pay the interest. He wants to leave bank with overpriced Tesla stocks which they asked for as collateral and not pay back a dime. It's an elaborate plot to dump overpriced stocks without selling them on market by means of acquiring another company not valued as high.

Ol' Musky might have to trade more stock than planned. TSLA down 9% today and down 20% since April 4th.

[Hel OWeen]

You know what? Musk buying Twitter might actually be a good thing, because it could mark the start of the decline of Twitter.

Just because Musk bought Twitter and is a "free speech" advocate doesn't nullify all laws and regulations. If he doesn't follow suit, he might get sued to hell and back again.

[Keckers]

World's richest man says he will buy a social media company, declines to say how he will finance it. Pressed for answers, he decides to go with a debt-financed plan. He then declines to explain how he will pay the estimated $1 bil/year interest.

Said individual also promised to spend $6 billion to end world hunger if the UN presented a budget to do so, then fucked off when the UN actually did it.

Amazing.

Plot twist, he doesn't want to pay the interest. He wants to leave bank with overpriced Tesla stocks which they asked for as collateral and not pay back a dime. It's an elaborate plot to dump overpriced stocks without selling them on market by means of acquiring another company not valued as high.

Ol' Musky might have to trade more stock than planned. TSLA down 9% today and down 20% since April 4th.

Stock split plans are making all of it very messy too.

[Duckslayer]

You know what? Musk buying Twitter might actually be a good thing, because it could mark the start of the decline of Twitter.

Just because Musk bought Twitter and is a "free speech" advocate doesn't nullify all laws and regulations. If he doesn't follow suit, he might get sued to hell and back again.

The only time i recall Musk has ever been a free speech advocate was that time he has libelled someone as "pedo guy" when the Thai cave rescuers refused to take his pedo submarine

[Lowa [NSN]]

The only good thing with this is if he just deletes it. Then challenge someone else to do the same with FB.

[Shiodome]

i mean if:
A. He needs capital to buy twitter
B. His plan is to delete twitter

then all he needs to do is ask for donations. I'd spend £100 on that in a heartbeat.

[Duckslayer]

i mean if:
A. He needs capital to buy twitter
B. His plan is to delete twitter

then all he needs to do is ask for donations. I'd spend £100 on that in a heartbeat.

Kinda superb demonstration of just how ridiculous the personal wealth of the super rich is, when you think it would take another half a billion or so like minded individuals donating £100 to match Musk's bid.

[Nordstern]

[August]

Jesus, SPY 400. People haven't even begun losing their jobs. SPY 320 a meme?

[Nordstern]

Jesus, SPY 400. People haven't even begun losing their jobs. SPY 320 a meme?

I remember people on WSB buying $500 calls expiring next month...

[rufuske]

Not a meme, everything is going back to pre covid pump levels. All the money printing to prop up market will only end in not so transitory inflation. If you were a heavy spender not much to worry about. If you were frugal and were saving money, you're fucked.

[August]

ARKK's returns since its 2014 inception has now underperformed the market. And they're still double downing on the dumb. Meanwhile, Cathie Woods was partying in the Bahamas two weeks ago. Must be nice.