Thanks for this crucial point of both clarification and further confusion.
The 'true believers' in this stock's idiosyncratic risk are expecting a short squeeze due to a confluence of relatively unknown market mechanisms such as FTD, CNS, reg SHO, and the formation of a short-busting coalition between Carl Icahn via BBBYQ and others...
It's a rabbit hole, for sure. But the fact is that the DTCC, FINRA, and other SROs controlling the markets are inscrutable black boxes that don't provide enough data for anyone to know the extent of the fraud they may or may not be perpetuating by systematically creating 'synthetic' shares in the publicly companies regardless of the officially authorized outstanding shares according to the companies' charters.
Look at the ongoing BBBY CH11 bankruptcy proceedings for an example of how difficult it is to get an idea of 'TSO' or (Total Shares Outstanding) for a public company. The claim is that more shares have been created within the DTCC than the company has authorized, and the right corporate maneuvering could force these 'extra' shares to close or cover which would drive demand exceptionally high.
Disclaimer: I own GME because the number of FTDs is in the high millions some days, and the notional values in the 10s of millions. Something is (still, 2 years later) up with this security in particular, and even if I don't become a billionaire from this investment I hope to shine some light on a corrupt corner of the market that has become 'business as usual' while I strongly disagree that it should be tolerated at all. (FTDs and Synthetic Shares)
I definitely believe some people think like that about their GameStop investment, but I am confident that the majority (/vocal minority) of /r/superstonk members honestly believe that GameStop is a good company that’s turning around, and that part of being invested is believing in the company.
A sibling comment of yours summarized it best - I just understand their vision as an amalgamation of growing the online store considerably, replacing Steam, selling NFTs that in some way relate to in game functionality, and making GameStop stores “community centers” or smtn. All of this is backed up by mantras like “debt-free”, “based Ryan Cohen”, “warehouses full of product”, “corporate vision” etc etc etc.
I really despise finance so I have very little to criticize you on there, and wish you the best, but from your reasonable tone I’m assuming you’re doing this as a considered risk, not going all-in with 100% confidence that a short squeeze is coming any day now.
I oscillate between enjoying that whole part of the internet because it’s fun and interesting, and thinking of all the children who have their college savings tied up in the stock of a clearly dead-in-the-water legacy retailer :(
I'm boycotting reddit this week, and I will never use their app, but I just don't know where else to go for communities related to niche non-tech interests, and state & local stuff. I guess Facebook groups, but FB is practically unusable these days.
Just a few weeks ago I went through the exercise of closing my FB account because I was getting all of my local NYC discussion from subreddits, instead. Poor timing I guess.
If reddit bungles this whole thing, the loss of /r/asknyc will be truly tragic. Such a great way to crowdsource local recommendations without the extra veneer of tourist feedback on top.
I'm in a much smaller city than NYC and /r/<mycity> is a very reliable place to find out what is going on around town, chat about the best place to go for <cuisine>, etc.
What's wrong with FB groups? It's almost as good at surfacing good stuff as Reddit for my niche interests and it has a lot of buy/sell/trade activity that never makes it to eBay or Reddit.
Did the same, but I took a step further and deleted my account. I had been using the site for over a decade, I knew that if I didn't cut off the path behind me I'd be tempted to linger.
I'll miss my local and hobby subreddits. I hope I find something to replace them.
When you see "Hacker News Hug" on here (recently due to Cloudflare's issues) or Reddit's "Hug of Death", the original was "Slashdotted", when tech people hosted personal sites on their _own_ home DSL (even Dial-up via Dynamic DNS!) connections. These asynchronous connections had terrible upload speed by design.
If their webpage hit the front news of Slashdot, their upload bandwidth very quickly ran out due to the torrent of traffic!
My brother writes xkcd. In 2006 I was living at home while attending community college. At the time, his site was still hosted on the old HP desktop that used to sit in our family room and now sat in his old bedroom. One day I was playing in an unofficial Counter-Strike tournament when one of his comics (possibly "Pi Equals"[1]) got posted to either Slashdot or Boing Boing. My ping immediately went from probably ~25 ms to over 300, and then I timed out completely. I think it took us a couple hours to get our connection back, which I assume involved getting a new IP address.
This strip had a profound effect on my life after I read it for the first time. To this day it still means a lot to me. Thank you for sharing your story and to your brother for sharing his art.
Not really. For example cable internet (and ADSL) goes thru cable (shocking knowledge, I know). Cable have limited bandwidth, and as it is just a single cable, not RX/TX pair as it is for ethernet and it has limited bandwidth
Which essentially means you have X bandwidth to distribute between upstream and downstream. And it's far more profitable to sell X 40/10 Mbit connections vs selling a bunch of 25/25 Mbit ones, where most people there won't be using upload all that much.
I feel like no, trying it out (though on my Mac using zsh and not a 25 year old Linux box) the slash being first makes it reference the root directory.
"Hey check out this website I discovered - it's called Slashdot"
"It's called what!?"
"Slashdot"
"How do you spell that?"
"http://slashdot.org"
"Hang on, what? How many slashes and dots?"
There's also tildes.net (like early Reddit set up as non profit, invite only, but not hard to get an invite) and also open source distributed https://join-lemmy.org/
Nah, floods of new users have come before. The lack of images, politics, and drama, combined with the "boring" design drives the undesirables away, leaving behind people who like talking about tech and other interests.
HN will always retain some of the new comers. I was first reddit user then HN.
HN instantly brought me "old" internet nostalgia. Geeks just talking about things in a mostly open minded way. Lack of memes, politics and "boring" design will be all positives for some.
It's thinly veiled behind more passive aggressively written prose than reddit, but it's here. No images, I'll grant, but as someone mistaken for conservative by liberals and liberal by conservatives I can assure you it's very much political.
It seems pleasant at first, then you realize that 90% of comments on every post are cynical negativity and I'm not entirely sure if spending much time around here is a good thing because it'm starting to absorb it.
Yes, HN is a very cynical and negative place, and it's interesting how quickly I stop noticing that if I visit a few days in a row. But if I don't visit for a week and then come back, it's starkly obvious.
It's also not exclusively negative and cynical, of course, and there are some great insights to be found here. I think you're being unfair with 90%. Maybe more like 70%?
Is there any tech-oriented forum that isn't largely cynical and negative?
Is there any social media that isn't largely cynical and negative?
I also notice how my mindset changes when I don't visit, which really just makes me think I should stop engaging in 90% of online discourse and discussion.
> Is there any tech-oriented forum that isn't largely cynical and negative
Maybe no? I only know of two (not including subreddits): HN and Slashdot. And of the two, Slashdot is far, far, more negative, with the weird addition of American style republican political views. Which, as a European reader, makes it feel like a very right wing place.
They think they will become billionaires because they expect failures to deliver on naked shorts of shares they've directly registered