This is a great explanation of what happened yesterday with GameStop. I pulled this off of TG.
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (25)
sorted by:
I'm still confused on the one part. If I borrowed the share at $10, and sold it for $10, but then the share shot up to $50, wouldn't I be the one at loss and out $40 and not the company?
Yes.
But they are referring to the "company" being you, in this example.
So in the real world, the company (Hedge funds) are doing the shorting and are losing big.
Got it! Thanks!