Someone with an axe to grind against a major hedge fund leveraged the power iof weaponized capitalist autists on Reddit (r/wallstreetbets) to raid an undervalued stock (Gamestop) that was being short sold.
That hedge fund is bleeding BILLIONS, and people are turning 10k investments into millions.
Can someone explain what this story is to me?
Someone with an axe to grind against a major hedge fund leveraged the power iof weaponized capitalist autists on Reddit (r/wallstreetbets) to raid an undervalued stock (Gamestop) that was being short sold.
That hedge fund is bleeding BILLIONS, and people are turning 10k investments into millions.
Fire
hedgers made a deal for more stock than exists for Gamestop and are therefore forced to pay to buy shares which are now hella expensive.