If this feels outrageous, it might only be because a bunch of supposedly unwashed Reddit users are involved.
The most famous is a user calling themselves “DeepFuckingValue” who had apparently turned a six-figure investment into nearly $14 million by this Monday. The stock’s boom has made some of them big money. Hype around GME continued bubbling up around r/WallStreetBets over the ensuing weeks, from posters who apparently saw it all along as a profit opportunity. R/WallStreetBets users delighted in the idea and took it as a chance to egg one another on. In September, an enterprising subredditor had posted a seven-point treatise titled “Bankrupting Institutional Investors for Dummies, ft GameStop.” The subredditor noted the stock already had a significant short exposure (months before Cohen joined the board) and predicted that short sellers would be forced to abandon their positions and, in buying back their stocks, drive the price up. The Wall Street speculation community has more than 2 million members, hundreds of thousands of whom are online at any given time, to say nothing of lurkers. One group that noticed the shorts on the stock was r/WallStreetBets. That’s when the company’s story went from typical to bizarre. Two days after the announcement that Cohen had joined the board, GameStop’s stock surged more than 50 percent, going from $20.42 to $31.40 after reaching as high as $38.65. Cohen’s arrival turned GameStop into a “cult stock,” one financial analyst explained to Bloomberg News, where retail investors believed he’d be a corporate savior. By January, GameStop appointed Cohen and two associates from his investment company to serve on a newly expanded board. He took specific aim at GameStop’s CEO and blamed the company for squandering billions of dollars and “a massive amount of market share.” In November, he wrote a harshly worded letter to the company’s board, lambasting it for not keeping up with “the transition from physical hardware to digital streaming,” among other errors. They should focus on those who need medical attention," the BMC said.In August, the well-known investor Ryan Cohen-founder of online pet food giant Chewy-took a 13 percent stake in GameStop. These hospitals should not treat asymptomatic patients. "Asymptomatic patients, who should ideally go to quarantine centres, often get admitted to private hospitals. It has also put a cap on the cost of coronavirus treatment and test at all private facilities. The government has reserved 80 per cent beds in all private hospitals of the city for treatment of critical COVID-19 patients. The BMC said the private hospitals were only too happy to admit asymptomatic patients as they need less care and pay the same amount as someone who needs critical medical care. "The order was passed to ensure that walk-in hospitalization of asymptomatic Coronavirus patients does not deny Covid bed/Covid ICU beds at government fixed rates to the genuine symptomatic patients," the BMC said in a statement. On June 13, the city's civic body - the Brihanmumbai Municipal Corporation (BMC) - had told private labs in Mumbai to not give coronavirus test results directly to patients, and instead inform its officials. Mumbai accounts for almost half of the 1.20 lakh coronavirus cases in Maharashtra, the worst-hit state in India by the pandemic.
Asymptomatic coronavirus patients, who require less medical attention and should ideally go to quarantine centres, get admitted to private hospitals leading to shortage of beds for those who are critically ill or have severe symptoms, Mumbai's civic body has said in response to the criticism of its week-old directive.
0 kommentar(er)
