Days ago, redditors from r/wallstreetbets bought a bunch of GameStop stock to raise its market price. They have squeezed the short for now. If the price holds, those big corporations will now have to buy the stock at the current price to return to the original lenders
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What do you think about Reddit manipulating the GameStop stock?
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GME stocks are very hot on Reddit these days. But, rather than the manipulation of Reddit, it seems to be very tied to Elon Musk and short selling of stocks...
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Yes, I misspoke. Redditors didn't exactly manipulate the market, they just took advantage of shorting the squeeze - a practice done by hedge funds investors
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Frankly, I find it funny and absurd that the rich people are livid about this because ordinary citizens were able to take control and stun the market. It's like they want to be one sided only.
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POWER TO THE PEOPLE! It ain't about the money. It's about sending a message. Hold until the hedge funds go bankrupt! ?????????
