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/pol/ News Network @PNN | Here’s a simple explanation for what’s happening with the stock market right now. (media.patriots.win) 🇺🇸🎖️ MEME ARMY 🎖️🇺🇸
posted ago by Elvathelion ago by Elvathelion +2722 / -0
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▲ 150 ▼
– NZbacon 150 points ago +150 / -0

Forgot to mention they shorted more shares than actually exist.

So they need to buy them and sell them at as heavy loss more than once!

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▲ 75 ▼
– ProfessorOak 75 points ago +75 / -0

How does one short a share that doesn't exist? How can you borrow and then sell something nonexistent? Wouldn't the person buying know?

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▲ 14 ▼
– DraintheMFalready 14 points ago +14 / -0

They basically agreed to sell shares for $20. Then they have to buy Gamestop at $500 a share. Then sell it all at $20. Then buy it again to sell it again at 20, until they meet all their contractual obligations

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