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I don't know, but this is not it: https://www.cnn.com/2021/01/27/politics/gamestop-stock-surge-trumpism/index.html https://www.cnn.com/2021/01/27/politics/game

• theklub 6y ago
  So I guess this is the future. Anything cnn doesn’t like they’ll compare to trump somehow?
  • absolutelymild 6y ago
    Theyr're at least gonna use his name for clicks as long as it keeps working
• imtringued 6y ago
  >As a result of the belief among the pro investor crowd that GameStop was, essentially, doomed, they began shorting the stock -- essentially betting on it to fail. This happens all the time to a variety of stocks with very little fanfare. It is the way of the modern stock market. This article somehow missed the abnormal part where there were more short positions than shares in circulation. It's like doing fractional reserve banking with stocks except without any regulations. A short squeeze is just a bank run with this analogy. This does not happen all the time. It's entirely dependent on those who kept shorting the stock without making sure that they can cover their shorts.
  • perl4ever 6y ago
    No, come on, "no regulations"? -- Matt Levine: "Every day people email me to say “I don’t understand how more than 100% of a company’s shares can be shorted, isn’t that illegal?” No, it is fine. I wrote about it on Monday" My previous comment quoting his previous footnote on the same thing: https://news.ycombinator.com/item?id=25935959 https://news.ycombinator.com/item?id=25935959