[turbo69bird]

Originally Posted by Simple Man

That's also the definition of a pyramid scheme. The early ones get the payout.

Actually what it does is take the money from the huge hedge fund and hands it to the people . If no one does it the hedge funds will lforce the price down and down then buy to cover low and make millions if not billions. This reverses that scenario and the people make the money. Because the last people in are the hedge funds who run out Of time and HAVE to “buy to cover “Their losses.

More of a AMC play than a game stop and lots and lots of regular people made a TON of money on that. And the company has been given a lease on life because of it. This is a good business insurance and it’s got a New model that will get sorted via algorithm. Younger people love the idea because it doesn’t use your credit report it uses data from your smart phone like acceleration deceleration to decide the risk. Because it’s bew it takes time to build the data and compare it to the clients habits. So every day the system is learning and getting better .

Pyramid scheme? what do you think has been going on all these years . The “shorts” short the stock then talk it down. Usually in a service they charge you for, Then buy it to cover low and make the money in the middle. Like a book maker they collect the money in the middle they always win, that is until this came about now it can reverse hard anytime and the people suddenly win.