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 78 days ago by BidenSniffsLittleKid 78 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. ▲ 14 ▼ – mintscape 14 points 78 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 save report block reply
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.