.webp?h=8 "Merry Fistmas!")
For those of you that don't know, riteaid is in serious trouble. It's also a memestock with a cult around it similar to gamestop.
The riteaid sub, mainly populated by disgruntled wagies complaining about minor problems such as "the AC has been broken for 2 months and the district doesn't have the money to fix it" or "they've cut hours down to nothing and are expecting 1 person to do everything" or "we're not being paid" are seemingly under assault by "radicels" that are accusing them of being bots and "spreading fud."
They've seemingly moved to a new sub called "riteaidinvestors" or something and are banning riteaid wagies from posting there.
Will riteaid go bankrupt? Will the stock moon, will the hedgies and their short be defeated? Time will tell. All I know is I sold all I had after reading the AC story.
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Investing in riteaid is a joke. Itโs past the point of no return and the only hope of recouping investments is if CVS decides to buy them out.
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Wasnโt there a rumor of Amazon buying them to start an online pharmacy?
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Pretty sure itโs just a rumor. Meds are difficult to ship so an online pharmacy is hard unless they want to open a massive pharmaceutical branch which could easily costs billions since it requires massive amounts of pharmacists. Theyโd also need approval from doctors because we write the script and determine where it goes within reason.
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