I hope some sociology students are documenting the hell out of this whole thing. There's so much juicy stuff going on.
For a moment yesterday, I got sucked into this whole thing. I bought a few shares just to see if my brokerage still would allow it, then sold them a few % higher because it was bouncing all over.
Then I remembered that I'd been asking myself how close the conversational tone in /r/wallstreetbets was to mob mentality/mass hallucination and thinking, "I'm no expert, but this doesn't look good."
When the RH stuff started yesterday, I started thinking of another failure mode: horizontal aggression. If the incumbent can pit their opponents against each other, they can grind each other down while the incumbent sits back and waits for the blood to dry.
> Then I remembered that I'd been asking myself how close the conversational tone in /r/wallstreetbets was to mob mentality/mass hallucination and thinking, "I'm no expert, but this doesn't look good."
For a moment yesterday, I got sucked into this whole thing. I bought a few shares just to see if my brokerage still would allow it, then sold them a few % higher because it was bouncing all over.
Then I remembered that I'd been asking myself how close the conversational tone in /r/wallstreetbets was to mob mentality/mass hallucination and thinking, "I'm no expert, but this doesn't look good."
When the RH stuff started yesterday, I started thinking of another failure mode: horizontal aggression. If the incumbent can pit their opponents against each other, they can grind each other down while the incumbent sits back and waits for the blood to dry.
It's hard not to see some of that going on too.