Haha just kidding.
As of today, BBBYQ shares have been "cancelled on the Effective Date and have no value", which means that even the former biggest shareholders and people who bought yesterday have as many shares as every other person on earth (none). Many towel apes have finally come to accept that they're bagholders, but as SEARS and other meme stocks tell us, the party (city) never ends!
Because Bed Bath & Beyond sold off the IP to a different company, it can no longer be called 'Bed Bath & Beyond'. It reregistered as 20230930-DK-BUTTERFLY-1, INC -- a name that reveals the intention to let the thing stay dead. Naturally the qanon-type faction of the BBBYQ community has been going wild over this and connecting the dots . Their conclusion: that BBBY will reemerge from its chrysalis as 'Butterfly', they'll be reissued new Butterfly shares, and
they'll finally be able to order those lambos they've been window shopping their wives and children will come back to them.
Some choice threads:
Teddy teaches us about shills + A BUTTERFLY (note that this book is a vanity project by Ryan Cohen, who's a messianic figure in the meme stock community. Apes literally, unironically decode his tweets and children's books like gematria)
There's a Canadian term called 'butterfly transaction' wow I'm getting a lambo after all!
I will never sell! (he literally can't anymore lol)
The /biz/ BBBYQ general is also pretty good, though it's mostly trolls trolling trolls.
Will the towel apes finally be showered in extravagant wealth next week? No.
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This should be a case study on the most pure, distilled form of cope that you can find in the wild
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It's following the 'when prophecy fails' playbook to the letter, for sure. I'm positive that the meme stock communities are going to be a topic of research down-the-line given how closely they parallel religious and political cults.
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"Suspicious minds" talks in detail about this and is written by an expert on prophecy cults.
The thing is once you get down to the bones of it, pretty much all conspiracy cults operate on the exact same fundamentals so new research doesn't really show anything new.
What is interesting to me is how rapidly they're appearing online now. They've always existed online but now we're seeing basically the same cults reborn over and over.
Pretty much all of them share a very similar plotline with NESARA.
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It still boggles me how anybody believed that, or any of the other Qshit.
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They never really took off to today's levels until GME went big. Now tons of redditors are convinced they've found the next big thing.
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100%, theyre modern day doomsday cults
what the conflux of reddit echo chambering, lock downs, and stimulus checks did to peoples brains is an interesting sociological phenomena
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