SorifithApr 26, 2023
Dan Gillmor

Just unreal that Bed, Bath and Beyond was able to persuade suckers -- with full disclosure -- to send money that they were almost certainly never going to see again.

https://www.bloomberg.com/opinion/articles/2023-04-24/bed-bath-moves-into-the-beyond

Kind of like a lottery ticket...

(corrected spelling)

Bed Bath Moves Into the Beyond

Also dual-class stock in indexes, oil bid rigging and Succession.

Bloomberg
Apr 25, 2023 at 6:55amWeb
Show threadMike TelahunApr 25, 2023
@dangillmor What, if anything, makes sense about the meme-stock phenomenon?
Show threadMartha Weaver (she/her)Apr 25, 2023
@dangillmor There business model gave this away. They overpriced all their stock so that customers would look for their ads to clip the coupons. Created amazing loyalty at one point among a certain crowd who loves the idea of "saving money", but not attractive to those who do even a little due diligence -- and that buy back...