Oddbean new post about login | logout I liked Roaring Kitty and the Wall Street Bets movement. Too bad he appears to have sold out.
It was all a sophisticated operation from the beginning let’s be honest. Nothing humans do is genuinely grassroots or bottoms up. Not even the French Revolution.
What about bitcoin?
In what way did he sell out? I heard he came back at some point recently but know nothing about it
He came back, pumped TF out of GME. Ryan Cohen, the CEO, diluted the shares twice during the price pumps. This prevented the massive short squeeze. Roaring Kitty then bought 9 million shares of Chewy (Another company owned by Cohen) and then essentially disappeared. Most of the WSB REKT, basically they bought into Cohens dilutions.
