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Not "saving it" but "saving it from short seller pressure". The stock was previously heavily shorted, to the point GME was reaching bankruptcy. That is no longe
by washedup 6y ago
Not "saving it" but "saving it from short seller pressure". The stock was previously heavily shorted, to the point GME was reaching bankruptcy. That is no longer the case.
- djbebs 6y agoGme is approaching bankruptcy because they have an unprofitable business, not because of the price of the stock
- whateveracct 6y agoWSBers have an inflated sense of self-importance from what i've seen
- washedup 6y agoDeflated stock price due to shorts speeds it up. This buys them time to figure something out, which I am doubtful of.
- djbebs 6y agoIt really doesn't unless you mean that it makes it harder for GME to aquire equity funding.
- stale2002 6y agoHaving a high stock price solves the issue of bankruptcy, because gamestop can issue more shares, and have a large capital infusion.