13422527, Yes Posted by handle, Mon Feb-01-21 05:59 PM
It's definitely artificial. "I did it for the LOLs" isn't a rational reason for an investment.
I suspect it will turn out to be fraudulent.
There's no reason for GameStop to be worth 5x-10x of what it's EVER been worth now. Could it have bene undervalued before? YES. Was it 600% undervalued? No.
Best case scenario: People are throwing away money to 'stick it to the man.'
What we do know; The dude who started this (DeepFuckingValue) *cashed out at least 14 million dollars* while telling everyone else to Hold Tight, and take it to alpha-centauri!!
Is he a criminal mastermind? No - but that doesn't mean this isn't fraud.
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