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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Gamestop and BBB were at least somewhat understandable investments. Both businesses were at least keeping afloat before they shut down for several months due to Covid restrictions. They could have hypothetically had a huge post-Covid bounceback and got back on track. (Not taking into account both businesses were already struggling due to increased competition with Amazon, Walmart, and Target. Because of this, returns were always going to be minimal at best.)
Rite Aid is failing due to being run by complete r-slurs over the course of a decade or more, while their closest competitors (Walgreens and CVS) are doing perfectly fine. Rite Aid deserves to fail and anyone who invests in Rite Aid in 2023 is a fricking r-slur.
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