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. ▲ 2 ▼ – cjcivicx 2 points 78 days ago +2 / -0 For all we know one or more of those redditors are insiders at gamestop... I doubt it but anyone can be anything online. permalink save report block reply ▲ 3 ▼ – acasper 3 points 78 days ago +3 / -0 True but the short positions were public information so I don’t see the relevance of them potentially being insiders in this case. If this weren’t a fake bubble it would be a different situation. permalink parent save report block reply
For all we know one or more of those redditors are insiders at gamestop... I doubt it but anyone can be anything online.
True but the short positions were public information so I don’t see the relevance of them potentially being insiders in this case. If this weren’t a fake bubble it would be a different situation.