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130
Gamestop - A Financial Revolution (youtu.be)
posted 3 years ago by JohnnyBitcoinCash 3 years ago by JohnnyBitcoinCash +130 / -0
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– Nurarihyon_no_MAGA 7 points 3 years ago +7 / -0

Summary:

Gamestop, the brick and mortar videogame retail chain has widely been considered a "dying brand" making it a frequent target for naked short selling making hedge funders rich. Naked shorting is exploiting a loophole allowing nonexistant shares to be sold that are never verified, and then buy them back at lower cost, essentially robbing a company's IPO.

4chan /biz/ and the subreddit r/wallstreetbets came up with a question: How do you turn naked shorting against the investors? The Answer:

Pump it up with investments forcing the investment firms to buy back the shares at HIGHER costs

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▲ 3 ▼
– Tylerlc22 3 points 3 years ago +3 / -0

Purely amazing

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