Hedge fund was borrowing GME stonks to sell for one price today because they expected the price to fall. When you short a stonk, you have to buy the stonk back but you get to buy it back at the lower price. You have to do it within a set time too. So people got wind of this happening and wanted to prop the price up to ridiculous numbers so they were forced the buy the stonks back at a yuuuuge loss. Just to stick it to the hedge fund.
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Investigate for what? What is illegal about a bunch of people doing a totally legal activity and potentially throwing away millions just to stick it to hedge funds who are doing other shady but legal activities?