It turns out that a congressional hearing, in part, aimed at researching stock pumping on the internet, is a great opportunity to pump well on the internet.
The trial over the recent volatility in GameStop shares was a serious matter on Thursday. Unless you were watching the trial on YouTube, where a quick comment section provided netizens with opportunities to present their favorite speculative stock, cryptocurrency, or even their favorite slightly radioactive commodity. In this online community, locking the lock is optional, and rocket emojis are mandatory.
‘DO NOT BUY A DOG, THIS IS A MEMECOIN. BUY BITCOIN. ‘ One commenter wrote. ‘Vaxart for COVID PILL VACCINE’, described another version, referring to the biotechnological start-up aimed at developing an oral vaccine for the coronavirus.
Other commentators were there to remind the community that there are other asset classes besides speculative stocks and cryptocurrency – one can also bet on commodities. ‘URANIUM, URANIUM, URANIUM’, wrote one comment, although it was unclear whether they were bullish or bearish.
No matter what the internet decides to offer next time, it’s safe to say that not everyone has learned a lesson from GameStop’s epic rise and fall.