The GameStop stock chaos shows we need to organize beyond the stock market

We are now Atlanta DSA - what should our new Thursday email name be? We'll be trying out options over the next several weeks, let us know your favorite!
 

The Atlanta DSA Medium is a collection of individual member op-eds, educational blogs, and other thoughts from the Left. Opinions expressed on our Medium are those of the author only.
GME stock trading transaction screen on mobile phone

The GameStop stock chaos shows we need to organize beyond the stock market

By Cecelia M

 

This past week has been a flurry of news about everyday people bankrupting hedge funds for billions of dollars by organizing to buy GameStop stock en masse, drastically inflating its price. It has resulted in “unprecedented market conditions”, the halting of trading, investigations by regulatory agencies like the SEC, and a reappearance by Anthony Scaramucci to call this incident the “French revolution of Finance”.

 

The tactic Redditors are using against the hedge funds is called a short squeeze. Without getting too much into the mechanics, it’s important to understand that there are two types of investments happening -- stocks and options.

 

Read more here.
 
Pass the Pro Act Phonebank! Join us as we make calls to Pass The PRO Act! Saturday, February 6th at 3 p.m. Sign up: www.atldsa.org/probank

Pass the PRO Act!

 

Our first phonebank to Pass The PRO Act will be this Saturday at 3 pm. Join the Local Elections Working Group to call members and supporters in the 6th congressional district and get Lucy McBath to vote YES on repealing right-to-work. Check out this article for a primer on the PRO Act and why it's important.

 

RSVP Here!
Workers lost $3.7 trillion in earnings during the pandemic. Women and Gen Z saw the biggest losses. World's billionaires get richer by 3.9 trillion during pandemic. Image of Confused Math Lady meme

#seize-the-memes
 

Copaganda Questions?

The next DARC panel will be on copaganda (cops + propaganda) and we need your questions! Share any questions or topics of discussion for the panel in this thread in the #comrades-corner channel.
 

Join us on Slack

Not finding what you're looking for here? If you’re a member, you’ve got access to the Slack channel. (Email [email protected] if you have questions about your access to the Slack.) There’s no faster way to get plugged in to committees, working groups, and find answers to your questions.