alt Hacker NewsAnd the one time an internet meme exploded a stock they literally hid the buy button from their UI. At least they have confetti animations.
And the one time an internet meme exploded a stock they literally hid the buy button from their UI. At least they have confetti animations.
This was not due to malice but instead, incompetence. They didn’t have enough cash to clear their trades.
I have ranted on here before about the SV startup mindset of “I don’t need to know anything about the industry I’m ‘disrupting’ nor do I need to play by their rules” and this was an example of that. On that day, everybody who was actually in capital markets went, “what f-ing idiots those guys are”
https://en.wikipedia.org/wiki/GameStop_short_squeeze