These stories of GME remind me of something else.
(media.greatawakening.win)
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...People have decided to buy GameStop stock for shits and giggles massively inflating the stock value trying to force investment firms and hedge funds out of business. [brace for impact]
They did it for the luls, which is the best part.
Bonus: they are getting paid while doing it.
Trading Places. Top 10 movie of all time.
My son knew about this before I did and said he was in a battle of good versus evil LOL. I thought, "maybe there's hope for him yet." But I really didn't understand it at the time. The explanations here have been really enlightening. What's interesting to me about it is that these are just normal people having a conversation on Reddit that decided to wage battle against the greedy jerks that destroy companies and livelihoods.
This is real shit. There are more short contracts than actual shares. I dont know of this having happened in my lifetime
I don't know how that happens. It's all a paper fraud.
I believe that it happens through bundling.