While I agree that the funds could be put towardsmore meaningful causes like cancer research for example then can I just bring your attention to this company by the name of “Viragen”.
Long storyshort, they were on to something good with cancer research but Wall Street came in and short sell them to the ground. Now, I am pretty sure Viragen is not the only company being the victim of that (please go watch the documentary “Wall Street Conspiracy” if you haven’t already and no, despite the name, it’s not some crazy imaginary tin foiled hat nonsense. Try watching that and tell me it doesn’t make you feel disgusted at what these HFs are doing).
I am not an expert in any of these but I am a human being just like everyone else. You can say thiswhole movement is being “foolish” and we are just wasting our money when we could use it to inves on others but what you have forgotten is the market has been manipulated to a point where it’s definitely no longer a “free market” so even if we had followed what you said and invested in more meaningful projects, who is to say that another case of Viragen will not happen? At the very least, through all of this, the HFs know people are not as “foolish” today as we were back then andretail investors should have a say in the market because after all, the market depends on consumers and we, your everyday working class people, are the main consumers no?
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