4 ms·

this is a classic example of a positive feedback loop. wsb did not do all of this but they were the spark that created the fire.

• sroussey 6y ago
  Feedback loop for sure. A movie will be made on this. YOLO! I can see GameStop putting an end to some of this by issuing non-voting shares to one of the hedge funds that is current shorting, giving them a known out and pocketing a huge investment for M&A.
  • sroussey 6y ago
    That wouldn’t be as fun though...
  • keeganpoppen 6y ago
    that's what i've been thinking about too-- at what point is it economically expedient for GameStop to sell shares directly to the shorts to bail them out? doesn't seem much weirder than all the credit default swap silliness that's happened for the past few years.
    • rantwasp 6y ago
      they cannot just make whatever stocks they want up. they are limited there on the number they can emit. plus, not sure if they get to choose who gets to buy the shares. also, why would gamestop bail out the same people that wanted to drive it into the ground?
      • sroussey 6y ago
        So they benefit. It’s stock is up, but that doesn’t help their business.