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People have been saying that(HFs having made more money out of this than they lost/will recover in a short time) for a while now, but I doubt that a lot of the
by meibo 6y ago
People have been saying that(HFs having made more money out of this than they lost/will recover in a short time) for a while now, but I doubt that a lot of the cult-like newbie flood on WSB/other investment or crypto subreddits that has been getting "we rekd the billionairs" drilled into their head for the past 3 weeks in every crevice of the internet will acknowledge this.
You can still see people "just pumping their life savings" into GME on there. I sincerely hope that they know what they're doing.
- mattnewton 6y agoI think you missed the position this fund took, which I think was to bail out amc with a "distressed debt agreement" for shares, which they then used to make a killing. So, to me it sounds like it's really that long hedge funds profited from shorts and reddit investors were taken along for the ride if they had good timing. Shorts still "got rekt" and the people who helped bail out AMC were rewarded.