My understanding is that GameStop was the perfect storm. - huge amounts of short positions at like $5 (months and months ago) - some people disagreed and went

My understanding is that GameStop was the perfect storm. - huge amounts of short positions at like $5 (months and months ago) - some people disagreed and went long - good luck #1 for game stop: some big investors (also months ago) - good luck #2: activist investor joins board, overhaul seems likely (this month) - shorts refuse to close position, stock at $15-20 (early this month) - at this point, short squeeze is apparently likely and the momentum begins. - 2 weeks later, the escalation catches attention outside wallstreetbets A lot of long term background that seems key to how things have unfolded in that case.