How an army of traders on the Reddit forum r/WallStreetBets helped drive a meteoric rise in GameStop’s stock price, forcing it to halt trading multiple times and causing a major headache for the short sellers betting against it:
https://t.co/QNNo8s7GkZ- Vox (@voxdotcom)
January 26, 2021 so i don't really understand the whole thing, but the gist
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i get how they screwed over a hedge fund who were betting against game stop but you can only make real life money if you sell the expensive stock right so who is gonna buy game stop stock from these people knowing its a failing business in reality?
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like this company is not worth this much money lmao so idk
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Then I saw that picture with the flat face CG man with the word 'STONKS' and I started howling. Those hedge funds have been short selling and destroying businesses for years. Now they get a taste of their own medicine.
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It also made me think of HBO's Industry even tho I don't fully get it lol
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