47 Yesterday Reddit’s Wall Street Bets bankrupted a hedge fund. Today they are being investigated by the SEC. Is it time for WallStreetBets.win ? (media.patriots.win) posted 80 days ago by GabenOfficial 80 days ago by GabenOfficial +47 / -0 12 comments share 12 comments share save hide report block hide child comments Comments (12) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 2 ▼ – UndercoverSpez 2 points 80 days ago +2 / -0 Can you ELi5? permalink save report block reply ▲ 2 ▼ – GabenOfficial [S] 2 points 80 days ago +2 / -0 The hedge funds sold more stocks than they really had. Now they have to buy more stocks to cover the gap. People know they have to buy the stocks so they are driving the price up. permalink parent save report block reply ▲ 2 ▼ – Jackietreehorn 2 points 80 days ago +2 / -0 https://www.washingtonexaminer.com/news/reddit-users-push-gamestop-stocks-up-400 this sums it up pretty well permalink parent save report block reply
Can you ELi5?
The hedge funds sold more stocks than they really had. Now they have to buy more stocks to cover the gap. People know they have to buy the stocks so they are driving the price up.
https://www.washingtonexaminer.com/news/reddit-users-push-gamestop-stocks-up-400 this sums it up pretty well