Beyond Bed Bath & Beyond
2022-08-19 19:14:45.506535+02 by Dan Lyke 1 comments
So the headline reads Student, 20, makes $110 million trading meme stock Bed Bath & Beyond, somewhere else I read that he raised $25M from friends and family to start his company, but... Obviously, as the stock has crashed back down, there wasn't value created there, which means the money he "made" is essentially extracted from Redditors playing meme games.
Which kinda feels a lot like cryptocurrencies: on the one hand it's hard to feel bad for people burned by a moral hazard, on the other hand....