3/5’s of the way there :) I can dig it haha

Speak for yourself…I’m just here for the Kool-aid and GME swag lol

This is when you wish Lemmy had a remindme bot haha

Sharing some of my initial rambling thoughts I sent to my IRL shrewdness after the wallet news:

Yeah I think there is 100 percent wider regulatory games at play here. I do think it makes sense to focus on the marketplace and GameStop Playr (assuming there was an issue with running both the marketplace and the means of access (think DTCC + Broker)) then it makes sense to drop the wallet. Probably easier to partner with (and possibly acquire) the smaller companies already making this stuff than to try and bring that in house. I think we maybe found that out the hard way on the wallet side. Shitty but not largely material from a wider business perspective I don’t think (it even said in the last few quarterly reports that the Marketplace and NFT sales were immaterial at this time). Fail fast and small I suppose but I still wish I didn’t need to ditch it lol

At this stage there is still a lack of quality Web3 gaming content…but it’s coming and I have faith that GameStoo is positioning themselves well for when it’s ready.

Shhhhh 🤫

Yeah this is a fair point and I have often wondered what it must be like working directly under RC. You definitely need to be someone in a grind and build mindset.

I currently work under a boss that has an insane work ethic, if I’m putting in 50-60 hrs in a given week, he is easily doing 70-90. On one hand it’s motivating and inspiring to get through a push on a project and it’s nice to not have to worry that you are busting ass while your boss is sitting on theirs. On the other hand, it’s tiring when the pace doesn’t change or abate ever. It’s like dude…chill, we aren’t making any more for killing ourselves.

Anyone in RC’s C-suite is going to have to be a very specific type of person and will need to buy into his vision to stick around long term.

Wild mix! Are they all from the same builder?

haha user 741 to subscribe should get a special tag or something (are flairs a thing here?)

Oh fuck yeah! I checked just the other day and thought it was in the low 500’s…look at us go!

All because some silly Apes wanted to actually own what they paid for.

How rude lol

Oh another interesting tidbit:

WHEREAS, in or around late March 2021, Archegos defaulted on Credit Suisse’s margin calls, causing Credit Suisse, which lacked adequate margin, to liquidate its positions in the underlying names and suffer approximately $5.5 billion in losses;

haha don’t think ole’ Hwangi Boy enjoyed Mar10 day

So not sure if I’m the only smoothbrain around these parts but I actually wasn’t aware of the Fed’s role in these enforcement actions and I didn’t know what purview they had for the fines that this article is talking about. In case anyone else was curious: https://www.federalreserve.gov/supervisionreg/enforcement-actions-about.htm

With a link to the actual action in question: https://www.federalreserve.gov/newsevents/pressreleases/files/enf20230724a1.pdf

There is some juicy stuff in here:

WHEREAS, from approximately 2012 to 2021, Credit Suisse had a client relationship with Archegos Capital Management LP (“Archegos”), a New York-based family office, and also had a relationship with Archegos’ predecessor, Tiger Asia Management LLC, dating back to 2003. Credit Suisse’s New York-based Prime Services and Credit Risk Management staff were responsible for the Archegos relationship;

WHEREAS, Archegos employed a long-short equity strategy, with a focus on technology and media companies, and primarily used derivative contracts via total return swaps (“TRS”) with counterparties, including Credit Suisse. From at least mid-2020 through early 2021, Archegos repeatedly added long TRS positions in a limited list of single-name U.S. and Chinese stocks;

WHEREAS, the risk posed by Archegos’ increasingly concentrated TRS portfolio at Credit Suisse continued to increase from mid-2020 through early 2021, such that Archegos breached Credit Suisse’s internal risk limits throughout that entire period;

haha forget about Gamestop 😅

Wholeheartedly agree with the overarching sentiment of this post. DRSGME.org is simply a better resource for newcomers than Superstonk was ever going to be. You need digestible information and a clear layout to introduce people to these topics. Superstonk was always better for deep dives, inside jokes and peer review, non of these things are conducive to ‘introducinf new apes’ and with the latest restrictions we aren’t really working for OGs and peer reviewers either.

I’m happy to be on Lemmy, sure it’s small now but totally feels like old Reddit and I think we can all learn and strengthen from this latest migration.

Thanks for posting this here! To this day, still one of my favourite data visualisations of this cluster fuck of a market lol

I wonder how big a portion of that change is account optimization and consolidating accounts. I am an Ape with two accounts due to transferring from different brokerages but just never bothered to consolidate however I know a few Apes irl that have done this. Not sure how we would be able to figure that stuff out other than just observing trends over time.

I’ve been instructing people to ‘check out the links at DRSGME.org’ which has the Discord and Lemmy links but doesn’t seem to trigger things (yet anyways)

👀

⏳

I haven’t seen this before so just want to make sure I’m reading this right. Not sure what ‘seismic’ is in this case but I’m assuming it is percentage price change per volume? Is that right? If so this is a pretty impressive visualization highlighting the effect of reduced liquidity in the stock.

Thanks for posting this here! We need DD apes to bring their writing to Lemmy so they don’t get lost in the Reddit clusterfuck going down.