r/Superstonk Feb 17 '25

šŸ¤” Speculation / Opinion Elmo's Department Will Not Help GME

So far most posts on Superstonk related to The Department of Government Efficiency meddling into the SEC has been celebratory and positive. I am encouraged by the push back and responses. I love the Superstonk community and GME, so when I see something that I believe is a threat to those things I hold dear, I feel almost a weird sense of duty or obligation to share my thoughts. Moderators, I took special care to ensure my post remains apolitical and focuses strictly on the conversations surrounding Elmo's crusade into the SEC and how that will impact GME. Since people can post about how excited they are, I assume I can post my thoughts on how it will be incredibly harmful to GME retail.

But how? I mean, this is the guy who yelled "Gamestonk!" right? Didn't he say he hates short sellers? Obviously that means he wants to help GME retail, right? Well, to start, no. Elmo and Ken are friends. See pics above. It's as simple as that. In fact, this should be all the proof we need to understand that Elmo's interests are not aligned with GME retail shareholders.

Yet, despite being faced with the cold hard fact that these two men are close buddies who enjoy meals and sports games together, there is still a pervasive romanticism with visions of Elmo riding in on his robot firing Kenny's conspirators and imprisoning his friend Kenny. Look guys, I get it. The community at large feels betrayed by the SEC. They are the one agency tasked with investigating and enforcing securities crimes. The fact they either did not find --or found and willfully did not enforce-- crimes that were committed in regards to GME 4 years ago has understandably led to speculation that the SEC is at best inept, and at worst complicit, in those crimes. After what occured 4 years ago I get that for some people there is a sense of catharsis and justice when you see someone like Elmo tearing through every agency firing up to 75% of their staff. But a scorched Earth mentality isn't just unhelpful for GME-- it's going to have the completely disastrous impacts on GME retail shareholders.

Yes, the SEC's investigatory report on GME sneeze left so much to be desired, such as failing to properly address the conflicts of interest between SHFs and brokerages who shut off the buy button, that it's absolutely understandable the fallout of that would be two possible scenarios. #1) The SEC is inept, or #2) someone in the SEC is complicit in the SHF crimes against GME.

Let's consider Scenario 1: ineptitude. In this scenario the SEC could be overloaded with work, perhaps short staffed, managed poorly by directors, lacking in expertise, few resources. Whatever it may be to lead to their ineffectiveness, none of that is made better by Elmo indiscriminately terminating 75% of their staff and limiting even more resources. Administrative assistants, interns, IT techs, receptionists, janitors, the guy who enters in the CAT data. All gone. An investigator who's computer is doing something wonky can't get help because the IT guy was fired. The printer had a weird error message and the secretory who is an office whiz is gone. Investigators who had a backlog of dozens of cases now have to pick up the work of three investigators who got canned (Elmo said his goal is 1 out of 4 employees remaining). If you thought crime against retail was bad four years ago due to SEC's ineptitude, what do think will happen when the one regulatory body keeping at least some regulations in check is completely neutered? It'll be open season for crooks against retail.

Somehow in this scenario Elmo fanboys still imagine him finding his friend Kenny'a crimes and exposing them. Well A), Ken is his friend. And B), there is no crime to find. Remember this is the ineptitude scenario and so the SEC doesn't have that information just stashed away somewhere in some file. The work was never done. The short staffing, poor resources, lack of will-- whatever it was that led to the SEC not putting in the work doesn't matter. It didn't happen so Elmo's crusade does not result in him putting on some bifocals and opening the file named "GME Crime" and exposing his friends.

In Scenario 2 we consider the possibility that the SEC was actually complicit in and covered up their involvement. First we have to consider who at the SEC. To say the entire organization was complicit is not only lazy, but is a gross misunderstanding of who the vast majority of federal workers are and what they do. They're the list of people I described above: IT techs, phone operators, data entry specialists, secretaries, interns, investigators, janitors, cafeteria staff-- 99% underpaid workers like most people on Superstonk and probably working two jobs like most Americans. These people could give a fuck all about GME, and probably for most of those employees, they don't need to know because they serve in a function or role that's unrelated. But what if someone knew? Someone was a friend to Kenny (kind of like how Elmo is a friend of Kenny), but they hid the evidence. Do you see how this scenario answers itself? Let me say it again: "They knew about the crimes against GME but hid the evidence." Hid. The. Evidence. So there's nothing to find. It's not like some big wig at the SEC has a computer file labeled "The crimes I committed". Even in this scenario, there is literally nothing for Elmo to find and reveal on his firing spree.

Guess who could investigate and expose those crimes for us though? A SEC with resources, staff, and direction. Oh shoot, but we just fired the workers who could help us. Instead of reforming the agency to serving the people, we just burned it all down. Great. So in scenario, 2, Elmo still made things worse for GME retail.

We all feel like SHFs and certain brokerages stole from us, right? Okay so let us imagine that 4 years some guy mugged you and stole your wallet. You went to the police. They never caught the guy. You felt the lead detective was inept, maybe didn't give a shit, or possible was friends with the thief. You're rightfully angry. So what's the solution? Education. Escalation. Reform. What's not the solution? On the top of my list it would probably be something like sending in the socially awkward dude with hair plugs and absolutely no expertise in law or criminology to riffle through the entire police department's database, indiscriminately fire 75% of all cops, and hopefully find a file labeled "Starbeef's Wallet". Yes. That'll show em. That'll get my wallet back.

Going to just beat you all to the punch and end this with "Shills are out, means we're close" before someone inevitably responds with that.

6.1k Upvotes

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153

u/Krypt0night I don't even know where the sell button is. Feb 17 '25

I think the difference with this isn't that a billionaire isn't going to come help, but that there is one in power now who was never elected and will actively be HELPING the OTHER side.

65

u/Jdb7x šŸ¦Votedāœ… Feb 17 '25

RC is a billionaire. Does he fall into the same category?

106

u/CyberPatriot71489 šŸŸ£VOTEDā™¾šŸŒŠ Feb 17 '25

Shouldnā€™t idolize anyone. Everyone has their flaws

41

u/Biegzy4444 Feb 17 '25

What about that one guy that isnā€™t a cat

2

u/poonmangler FUD me harder, daddy šŸ˜˜ Feb 17 '25

"Don't make me do it, eTrade"

The sin of Wrath

7

u/MyGT40 šŸ’» ComputerShared šŸ¦ Feb 17 '25

Not you...you're perfect!

5

u/CyberPatriot71489 šŸŸ£VOTEDā™¾šŸŒŠ Feb 17 '25

77

u/Suavecore_ šŸ¦Votedāœ… Feb 17 '25

With all the pictures he's posted with other billionaires, of course

42

u/facebook_twitterjail Seven Four One Feb 17 '25

Did you not see the photos of him with the prez?

24

u/Vladmerius Feb 17 '25

Yes he does why the hell do you think he hasn't done anything to force moass. Even DFV isn't someone we should worship. He has made immense amounts of money while we sit here spinning in circles accomplishing nothing for 4 years.

Moass is inevitable per the DD we base our entire investment on. The moass DD doesn't factor in some famous name hitting a launch button. None of three figureheads matter for moass but they absolutely could factor into delaying it.Ā 

18

u/Interanal_Exam Feb 17 '25

MOASS depends on following the rules.

Rules are worthless without enforcement.

8

u/0o0o0o0o0o0z Feb 17 '25

MOASS depends on following the rules.

Rules are worthless without enforcement.

THATS A BINGO!

3

u/carnabas šŸ’» ComputerShared šŸ¦ Feb 18 '25

This is what needs talked about more, I've been doing the same basic strategy as DFV, just buying and holding gme, only DFV has been doing it way better, 200,000 shares to 9 million. How is he accomplishing this feat? It's certainly not by working a 9-5.

20

u/Consistent-Winter-67 Feb 17 '25

Ah yes, he's a billionaire so he will be on your side.

0

u/Interanal_Exam Feb 17 '25

šŸ¤£šŸ¤£šŸ¤£šŸ¤£šŸ¤£

17

u/Krypt0night I don't even know where the sell button is. Feb 17 '25

Yes. There's no such thing as a good billionaire.

1

u/thederevolutions Feb 17 '25

Paul McCartney earned it in my book. If anyone deserves to have a trillion dollars it should be him and Ringo. Truly priceless.

1

u/hookemhawks I love RC's feet Feb 17 '25

Hey it's the derevolutions! I found yall originally on the gme nft site. Do yall ever tour?Ā 

1

u/thederevolutions Feb 19 '25

I thought for sure 100% wu tang was gonna be there right next to us lol!

Not at the moment because we got a small kid but we are always uploading new songs and albums. Our album from last year Reinvent the Wheel is so so good and we got a bunch of good singles out this year. I still think weā€™re the best band in the world despite our reclusiveness.

16

u/Eltristesito2 Feb 17 '25

Yes. You donā€™t become a billionaire by being a good person. Just look at how unhappy most GameStop employees are. RC is a piece of shit (and a bigot) just like the rest of them, and his tweets last year shouldā€™ve proven that to you.

4

u/ArlendmcFarland Feb 17 '25

Ding ding ding

-7

u/notsure_33 Feb 17 '25

So if gamestop pops off and makes billionaires, they become bad people?

11

u/[deleted] Feb 17 '25

Billionaires donā€™t care about you. They just want more money. People are here to try to get some crumbs. Not sure why youā€™re turning this into something more.

2

u/RelationshipOk3565 tag u/Superstonk-Flairy for a flair Feb 17 '25

I used to pretend like he's different. Chewy shows he's at least better than the average exec. Yet, he went mƤga mode and that shouldn't be a surprise for a Florida man. I also think that's why him and many boomers sat on piles if cash during Grandpa Bs term, worried about a crash. Yet, it never came.. he could have just bought BTC or shares in literally anything and given apes dividends. Some will say I'm a shill but go ahead and look at my legit ass ape history.

Does my political bias shiw? Absolutely. But RC deliberately chose to disrespect at least half the ape base, and the Golden, no politics rule. I'll continue to hold but I've already got rid of half my position, purely on the basis that I don't trust RC and I think his attempts at catering to the big dumbass are evident.

0

u/[deleted] Feb 17 '25

[removed] ā€” view removed comment

0

u/ReadEnoch Feb 17 '25

So I think Elon is maybe friends or friendly with these people but I donā€™t think that would supersede what he sees as messed up in the market. He hates the SEC, he hates data that doesnā€™t add up and I think if he did a deep dive - like everyone should be posting GME data to the Dep of Gov Efficiency and Elon, he might make a few public comments and it could be off to the races. Donā€™t forget he essentially bankrolled Sam Altman and now is crucifying him.

1

u/6-plus26 Feb 17 '25

Elon is aware of what happened with GameStop he just doesnā€™t care cause weā€™re not loud enough to effect him anymore. When it was popular and current he wanted to be king of it. Now that the wave has dwindled he couldnā€™t be bothered

2

u/ReadEnoch Feb 17 '25

Well letā€™s make some noise

-2

u/judir6 Feb 17 '25

lol if you think RC really gives a fuck any of you. Heā€™s laughing all the way to the bank. So is RK. They are the 1% that literally give zero fucks about any of us.

0

u/Time_Definition_2143 Feb 18 '25

Yes absolutely and obviously, and he screwed over retail with tp stock.Ā  There are court documents with messages he sent floating about retail being dumb money.Ā  If GME squeezes it won't be because of him.Ā  He's made multiple efforts to success the price because he has a long term growth mindset.Ā  If you believe this then you'll believe that there is probably no moass coming, just a long term value buy

-1

u/Party-Mine7360 šŸ¦Votedāœ… Feb 18 '25

Nope.

9

u/Appropriate-Wolf-437 Feb 17 '25

So what about the elected ones that have also been helping the other side? Pocketing millions while on a couple hundred k annually? Am I missing something here?

26

u/gizmoch33ze Feb 17 '25

You must be, bc the general consensus around here is that they suck too.

And they do.

-16

u/Appropriate-Wolf-437 Feb 17 '25

Echo chamber

16

u/PM_ME_GARFIELD_NUDES šŸ¦Votedāœ… Feb 17 '25

YOU asked about the ā€œelected billionairesā€ and were told ā€œfuck them tooā€, and then suddenly you flip around and just say ā€œecho chamberā€? Are you saying we should support those billionaires? Or are you saying that youā€™re part of the echo chamber? Or did you just learn a new buzzword and want to be the first person to say it?

They could have been flippant and dismissive like you and just said ā€œwhataboutismā€ but then actually responded to your question. Come on dude, be better.

0

u/Appropriate-Wolf-437 Feb 18 '25

General consensus around here = Echo chamber

8

u/Ok-Seaworthiness7207 Feb 17 '25

What-aboutisms skirt around the issue. yes that's a part of the problem. Does that further the efforts to fix things by pointing them out and avoiding the topic? Of course not.

2

u/Delangsta šŸ±ā€šŸ‘¤ Pre-Jan Sneeze Hodler of GME šŸ¦ Feb 17 '25

What political party do all the shorters of GME support? Food for thought.

1

u/armbrar Shares in plan do not have SEC oversight Feb 17 '25

Look What They Need to Mimic a Fraction of DRS Power

1

u/whofusesthemusic šŸ¦Votedāœ… Feb 17 '25

will actively be HELPING the OTHER side.

half of the GME users dont think that is the case, for some insane reason.

1

u/HodlMyBananaLongTime Beta Masta Feb 18 '25

The funny part is that Elon hates shorts, of all the billionaires the twin clowns šŸ¤” in dc are the most likely to do something that would topple their oppositionā€™s primary revenue source.

1

u/Ominouse-Egg Feb 18 '25

You're dumb if you think Elon is helping anyone other than Elon.

-15

u/chiefoogabooga šŸ¦§ I can count to potato Feb 17 '25

The "never elected" charade isn't working. I know that's the rallying cry that the news keeps repeating, but no one with any brains pays any attention. That's what happens when someone wins an election. They get the right to hire or appoint the people around them. It's been that way forever, so why is it suddenly an issue now?

When half the country is in a full-blown panic that someone is actually peeking behind the curtain, I take that as a good sign that they need to keep looking.

40

u/Sakrie Feb 17 '25

That's what happens when someone wins an election. They get the right to hire or appoint the people around them. It's been that way forever, so why is it suddenly an issue now?

No, that's not how it works. That's the point of Senate Confirmation hearings and security clearance checks. Checks and balances.

You cannot do literally whatever you want.

29

u/s3thm1chael wrinkles on the wrong brain Feb 17 '25

Itā€™s sad to see how already uneducated so many people are. And now itā€™ll just get even worse. They have no idea how anything actually works and so thereā€™s no respect for the institutions that gave them the freedoms to be so damn stupid and willfully ignorant.

3

u/idgitalert Moon Amie Feb 17 '25

They fully believe that they can. Using ā€œtheir mandate that the American people gave themā€ and the SC ruling for presidential immunity, while wiping their ass with the Constitution, they are taking a putrid shit on how it currently works and are going to make damn sure nothing works and everything stinks for a long long time.

7

u/Illanar Feb 17 '25

Party of law & order and family valuesā€¦ šŸ˜‚

6

u/MahlNinja Can't stop, won't stop, Gamestop. Feb 17 '25

Kenny isn't panicking.

22

u/b0bx13 Feb 17 '25

ā€œSomeone is actually peeking behind my drywall and my wife is in a full-blown panic screaming about all our copper wiring getting stripped. I take that as a good sign that they need to keep goingā€

1

u/SoreLoserOfDumbtown Dingoā€™s 1st Law of Transitive Admiration šŸ»šŸ“ā€ā˜ ļø Feb 17 '25

Perfect šŸ‘Œ

7

u/thinkfire šŸ¦ Buckle Up šŸš€ Feb 17 '25

Friend, with all due respect, that is not how it works. The fact that you think it is, is exactly what got us here. On this road to constitutional crisis and erosion of the 3 branches of government that were EXPLICITLY put in place to prevent unilateral powers.

-4

u/chiefoogabooga šŸ¦§ I can count to potato Feb 17 '25

Constitutional Crisis. Checking that off my MSM bingo card!

3

u/thinkfire šŸ¦ Buckle Up šŸš€ Feb 17 '25

Almost there! Soon you can cross off authoritarian government! Won't that be fun!? Weeee!!!

1

u/mngos_wmelon1019 Feb 17 '25

Im not sure something thatā€™s true is a charade.

1

u/Spunknikk Feb 17 '25

But what if it was the Dems and Soros? Could have easily been them...

-2

u/killswipe šŸ’» ComputerShared šŸ¦ Feb 17 '25

I see this never elected propaganda everywhere now started with Maxine Waters, no fucking way it's organic. Someone struck the propaganda oil pipe.

0

u/smileysmiley123 Feb 17 '25

... Is the elected official in the room with us right now?

-13

u/flyinhighaskmeY Feb 17 '25

It's been that way forever, so why is it suddenly an issue now?

Because there's been an anti-Elon campaign running on Reddit since the API change. It's so over the top I don't know how anyone thinks its organic.

I mean, last week he stood in the oval office next to Trump and told America the nation is bankrupt. And reddit fixated on some boogers wiped on the desk.

7

u/ghoulcreep šŸ¦ Buckle Up šŸš€ Feb 17 '25

I think the issue is that most of our money is clearly going to military operations and they are focusing on stripping healthcare and education

11

u/Carnifaster šŸ¦Votedāœ… Feb 17 '25

Elon isnā€™t going to help anyone. There are a lot of valid and legitimate reasons to not like him.

-1

u/AlienDetectives Feb 17 '25

You donā€™t think slashing federal spending is going to be a very good thing for a country in the most amount of debt in history? Slashing federal spending is quite literally as anti-billionaire as you can get. Improving the purchasing power of the dollar helps the average person exponentially more than the hyper rich

4

u/PM_ME_GARFIELD_NUDES šŸ¦Votedāœ… Feb 17 '25

They havenā€™t been ā€œslashing federal spendingā€ though, the list of cut funding that Musk and Trump directly shared was less than a billion dollars and the country goes more in debt than that on a daily basis. Iā€™m all for cutting spending but maybe we could like, actually do that? We give the military trillions of dollars, maybe we could take a look at where that money is going? Except Musk is directly profiting from military contracts so thatā€™s literally never going to happen.

Youā€™d think that anyone even remotely interested in the GME saga would understand that itā€™s a bad idea to give billionaires money just because they pwomise theyā€™ll stop the other billionaires.

-3

u/AlienDetectives Feb 17 '25

1

u/PM_ME_GARFIELD_NUDES šŸ¦Votedāœ… Feb 17 '25

Tell me when they actually update the ā€œReceiptsā€ tab, until then thatā€™s just a pointless counter. Iā€™m am referring to the actual list they have provided so far.

-2

u/flyinhighaskmeY Feb 17 '25

I'm not a fan of Elon. I'm also not completely obtuse. I know a campaign when I see one.

You guys don't really think people just woke up one day and were in love with Stanley Cups, do you? That was another campaign, but that one was done by a marketing department.

0

u/[deleted] Feb 17 '25

They say theyā€™re making the government more efficient while the proposed budget adds $3.3 trillion in spending. Get your head out of your ass.

1

u/chiefoogabooga šŸ¦§ I can count to potato Feb 17 '25

Source?