351 r/wallstreetbets caused two equity firms to lose close to $5,000,000,000 after the firms made heavy short positions on GameStop stock. The larger equity firm had to get an emergency $2 billion dollar cash injection today to stay afloat. Gotta love IRL shitposting. (media.patriots.win) posted 79 days ago by BidenSniffsLittleKid 79 days ago by BidenSniffsLittleKid +351 / -0 53 comments share 53 comments share save hide report block hide child comments Comments (53) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 47 ▼ – Demokraut_No_More 47 points 79 days ago +47 / -0 This is fantastic. Might be a good war strategy to bring down these woke banks. permalink save report block reply ▲ 25 ▼ – BidenSniffsLittleKid [S] 25 points 79 days ago +25 / -0 I was thinking the same thing, or to elevate brands we support. permalink parent save report block reply ▲ 14 ▼ – mintscape 14 points 79 days ago +14 / -0 This is working because the hedge funds have taken positions that are not only greedy but also possibly have used illegal trades. GameStop has been highly manipulated by those hedge funds which left them open to this. permalink parent save report block reply ▲ 13 ▼ – TheTrumpDimension 13 points 79 days ago +13 / -0 only works like this when there is a big short permalink parent save report block reply ▲ -2 ▼ – deleted -2 points 79 days ago +1 / -3
This is fantastic. Might be a good war strategy to bring down these woke banks.
I was thinking the same thing, or to elevate brands we support.
This is working because the hedge funds have taken positions that are not only greedy but also possibly have used illegal trades. GameStop has been highly manipulated by those hedge funds which left them open to this.
only works like this when there is a big short