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This is some disgusting manipulation, and even worse is that hedge funds most likely shorted the stock even more knowing what the investor apps would do, and pr
by realmod 6y ago
This is some disgusting manipulation, and even worse is that hedge funds most likely shorted the stock even more knowing what the investor apps would do, and profited from this coordinated shutdown.
That hedge funds were even allowed to short so much naked was ridiculous. I mean the fallout from a GME continuing to rise would be catastrophical to the financial system. It would cost tens of billions that these funds do not have and would end up costing the banks money that they could not lose.