this post was submitted on 12 Sep 2023
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DRS Your GME
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ΔΡΣ Central
Community to discuss the DRSGME.org project and resources, and how to spread DRS advocacy and information to GameStop investors around the world.
Have a great idea to spread the word? There are some resources here to get started!
https://www.drsgme.org/free-resources
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has GME become a legit cult or are yall just being super ironic or something?
members of this Lemmy instance are investors of GameStop, and more specifically investors here advocate that all investors benefit from directly registering their shares. By directly registering shares of a company that you paid for, you get genuine share ownership. If shares that you paid for are not directly registered but instead held in a brokerage account, those shares are not actually owned by you, they are owned by Cede & Co, the central depository of the Depository Trust Company.
Due to the high stakes nature of the situation surrounding GameStop, investors of GME and advocates of DRS have faced and continue to face persistent antagonism and opposition from many directions, because investing in GME and directly registering shares is against the interests of certain incumbent institutions that have a vested financial interest in GameStop's demise.
For this reason, it is to the benefit of those that oppose GameStop's success that people would view GameStop investors as nothing but rabid cultists, and not as legitimate investors of a legitimate company. It is why they use words like "meme stock". It is why they say things like "Sell the stock first, ask questions later".
Members of this Lemmy instance have been facing issues on Reddit and so we are now here using Lemmy.
lmao gamestop hasn't been relevant for the last 2 years
i get you wanna dedicate your time & effort to something you feel is important but you're just throwing away money unless you're shorting the company
Would you mind explain better why do you think ppl is throwing away money?
I must agree that stock performance hasnt been any good in the last two years and doesn't look promissing.
Yes shorting would have been profitable. But hey after the fact it's easy to look back state that. Just for curiosity, what stocks/sectors would you say are a good investment right now?