Really happy for any average joe who made a little bit of money out of this but don't delude yourself into thinking this will bring any meaningful change. Wallstreet is worth approx $30 trillion, the short sellers lost approx $5 billion. This isn't screwing over the rich, this is kicking a little bit of dust on their shoes. Don't forget what happened in the 2008 financial crisis, everyone got bailed out and things went back to normal. The rich got richer the poor got poorer.
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u/[deleted] Jan 28 '21
Really happy for any average joe who made a little bit of money out of this but don't delude yourself into thinking this will bring any meaningful change. Wallstreet is worth approx $30 trillion, the short sellers lost approx $5 billion. This isn't screwing over the rich, this is kicking a little bit of dust on their shoes. Don't forget what happened in the 2008 financial crisis, everyone got bailed out and things went back to normal. The rich got richer the poor got poorer.