What started out as a few brokerage house thinking they could force Gamestop in bankruptcy for an easy killing are in for a rude awaking.
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This is bigger than a Robinhood group. The dollar amounts is beyond them.
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This will kill the brokerage houses that shorted them and the banks that back them.
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The brokerage houses and banks now have to sell/short into the buyers trying to save themselves. It is not working and just making their losses worse.
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Whoever is the backing this has a plan to destroy some big players and it's working.
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Once this is done, there will be another and another.
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Enjoy the show.
How i wish im an Autist!! I'm literally ignorant when it comes to stock investment markets.
This is how they are supposed to make money.
https://www.investopedia.com/terms/s/shortselling.asp
What is happening is the people who shorted the stock are having to buy stock way higher per share so it turns into a gigantic loss.
https://www.investopedia.com/articles/investing/121415/why-you-should-never-short-stock.asp