YouTube ‘Influencers’ During WSB Saga
I think this is a topic that should be discussed. Many people place the blame of the GME/AMC fiasco on the HFs/market manipulators and WSB pump and dumpers. But anyone else annoyed/infuriated at the bandwagon YouTube pumpers who profiteered from the situation with increased clicks and subscribers? Those Youtubers that promised exuberant $50-100 PTs on AMC and $1000+ PTs on GME (many shown with rockets right on their video title cards) from guaranteed short squeezes. Many of these people hyped up followers by parroting misinformation, using emotional backstories, and telling them to keep holding no matter what. Then, when things headed south, they changed their tune, saying that they never promised a SS and that people should sell if they really needed the money. It’s doubtful these Youtubers took any sizeable position but played a part in recklessly leaving many people holding a bag or new investors leaving the stock market altogether. These ‘influencers’ should have been more socially responsible.