4 ms·

But why? Who will profit?

• ronyfadel 6y ago
  Short sellers get slaughtered, /r/wallstreetbet pumpers sell before the inevitable crash and profit.
• Miner49er 6y ago
  Anyone who bought at the right time and sells at the right time. Certainly a lot of people on /r/WSB.
• scanr 6y ago
  Those betting against the short sellers profit. The short sellers are obliged to buy stock to cover their short positions which are suddenly quite expensive. Their buying then further creates demand pushing the price up even more - a short squeeze.
• delecti 6y ago
  The "but why" is essentially "because fuck those guys". I'm not sure there was any more than that. As for who will profit, probably not the people who were shorting GME, but at this point it's impossible to say.
• kristjansson 6y ago
  Some trades are strategy and some are tactics. This is the latter.