My caveman explanation is as follows: Some banking asshat picked Gamestop as a company that will fail, hence it's low stock price, then sold fuckwads of the stock...more than exists. So, the banking asshat was betting against the livelihood of Americans(Gamestop failling) to sell more asset than exists(more shares than exist) and make a big fatty wad of cash. Enter the diamondhand apes: Keith Gill aka RoaringKitty aka DeepFuckingValue analyzed this and shared his results. So, the apes bought up all the GME shares, including the imaginary ones that the banking asshat sold, meaning eventually that banking asshat will need to pay way more money than he even invested in the first place.
And further making it a 'perfect storm', a good amount of newer traders are gen y's aka millenials. A population that also felt pretty offended at the discovery that the wall st suits were using their fondly dearly nostalgic childhood game store for money games. GME has been a beautiful takedown and exposure of the $ hoax
My caveman explanation is as follows: Some banking asshat picked Gamestop as a company that will fail, hence it's low stock price, then sold fuckwads of the stock...more than exists. So, the banking asshat was betting against the livelihood of Americans(Gamestop failling) to sell more asset than exists(more shares than exist) and make a big fatty wad of cash. Enter the diamondhand apes: Keith Gill aka RoaringKitty aka DeepFuckingValue analyzed this and shared his results. So, the apes bought up all the GME shares, including the imaginary ones that the banking asshat sold, meaning eventually that banking asshat will need to pay way more money than he even invested in the first place.
And further making it a 'perfect storm', a good amount of newer traders are gen y's aka millenials. A population that also felt pretty offended at the discovery that the wall st suits were using their fondly dearly nostalgic childhood game store for money games. GME has been a beautiful takedown and exposure of the $ hoax