2 ms·
I think you missed most of the story. The stock was massively undervalued before attracting the attention of WSB. The first posts were when it was valued less t
by aikinai 6y ago
I think you missed most of the story. The stock was massively undervalued before attracting the attention of WSB. The first posts were when it was valued less than the cash it was holding.
On top of that, you have the beginnings of a takeover by a successful e-commerce CEO and potential for real turnaround.
That would have been enough on its own for WSB longs to jump in, but then the hedge funds shorted over 100% of the stock making it the perfect powder keg for this explosion.