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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Is there any dying brick and mortar retail chain that doesn't have a delusional bag holder cult attached to it?
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Probably not tbh. The gamestop fiasco created a giant mob of r-slurs that had never even heard of stock before that just went all in on weird market conspiracies.
They're all chasing that lucky moon. "I can gain 1200%" is a lot more appealing than "I can make 10% a year."
The first might be a fantasy, but so ars all other get rich quick schemes.
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I knew about the bbby people especially kais maalej (top tier lolcow btw) and sears bag holders. They all have the same delusion that all there favorite failing (or no longer existing) companys will merge together into the worlds worst megacorporation.
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People are still buying bed bath and beyond stock.
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BBBYQ now and there interpreting the bankruptcy saying that shareholders will be wiped out and get nothing to mean... That there merging with GameStop under the name of a company Ryan Cohen used to sell children books.
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Yep, completely insane. Saw a guy still dumping thousands into it.
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