According to Goldman Sachs, more than 1.2 million leveraged retail trading accounts in South Korea triggered margin calls as of July 13, with an estimated 320,000–360,000 accounts fully liquidated. Goldman's strategists reckon this means around one in 30 adults in the country, or 3.4% of the adult population, have received margin calls.
This is why we can’t have nice things. Companies can’t even leverage their duopoly into 6x increase in profits without degens fucking up the whole stock market.
4 Comments
gibmiser@lemmy.world · 18 pts · 20d
Time for the bailouts. Wonder how many trillions of dollars governments will give to these companies
panda_abyss@lemmy.ca · 8 pts · 20d
It is still up 71% years over year, I think they’re doing just fine
The only people affected here are the massively over leveraged.
justsomeguy@lemmy.world · 8 pts · 20d
I think they might've had a couple of those.
panda_abyss@lemmy.ca · 4 pts · 20d
Yeah, that tracks.
This is why we can’t have nice things. Companies can’t even leverage their duopoly into 6x increase in profits without degens fucking up the whole stock market.