Someone noticed that there were more shorts than stock shares issued on troubled company Gamestop. Experts expect it to BK soon, so the big hedge funds made huge shorts. Now the big Billionaire Hedge Funds are getting killed to the tune of BILLIONS, because a bunch of autists are beating them at their own game.
Someone noticed that there were more shorts than stock shares issued on troubled company Gamestop. Experts expect it to BK soon, so the big hedge funds made huge shorts. Now the big Billionaire Hedge Funds are getting killed to the tune of BILLIONS, because a bunch of autists are beating them at their own game.
This is not the “eli5” version. Ya gotta dumb it down further for us lol
A bunch of autistic redditors are buying Gamestop stock at way inflated prices and it is messing with these hedge fund's shorts.
What is a short?