Late night show host Jimmy Kimmel has had his share of public relations mistakes over the years. Perhaps his biggest blunder was to alienate himself from both the political left and political right as both have mostly sided with average Joe investors over the business-destroying hedge funds and their penchant for driving down stock prices to make a killing off “shorts.”
Kimmel didn’t just side with the hedge funds against the little guy. He didn’t just call former talk show host Jon Stewart was Tweeting like Donald Trump. He went so far as to adopt an old favorite in the progressive playbook: Blaming Russia.
I AM LOSING MY MIND WE ARE WATCHING MANUFACTURED CONSENT PLAY OUT IN REAL TIME pic.twitter.com/zrMEbe6LBT
— shoe (@shoe0nhead) January 31, 2021
“GameStop, if you don’t know, it’s a video game store, and like a lot of businesses they’ve been struggling because of COVID, but also because most people buy games online now,” Kimmel said in his show monologue. “And yet, despite a sharp decline in sales, over the past six months their stock price has grown by 8,000% because a bunch of amateur investors, maybe even some Russian disruptors who are part of a Reddit community called WallStreetBets, decided to buy a bunch of GameStop stock.”
Earlier, he Tweet-Quoted comedian Jon Stewart who voiced support for the Redditors. He deleted the Tweet, but not before Mark Dice and others screen-captured it:
Failed comedian Jimmy Kimmel has sided with the hedge fund over the Redditors. What a surprise. pic.twitter.com/MHWmCUIgKe
— Mark Dice (@MarkDice) February 1, 2021
A slew of amateur investors as well as seasoned ones participated in a “short squeeze” to drive up priced of GameStop throughout the month. Last week, the stock price skyrocketed to over $300 where it has held steady for a few days. It cost many hedge funds and their clients billions of dollars and began what may be a paradigm shift on Wall Street.
It’s no surprise Jimmy Kimmel sides with Wall Street’s efforts to crush the little guys. He’s a clueless Hollywood elitist. But invoking Russia is ludicrous, even for him. How much are hedge funds paying him?
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