3 ms·
> I guess if its your first bubble, this is exciting stuff, but these things come crashing down eventually. Portraying gamespot's case as a bubble is either ig
by rualca 6y ago
> I guess if its your first bubble, this is exciting stuff, but these things come crashing down eventually.
Portraying gamespot's case as a bubble is either ignorant or disingenuous. It's a game of chickens between hedge funds using glaringly obvious market manipulation to drive their shorts and retail investors who spotted how the hedge fund's overplayed their hand.
> Hertz is a better saga (...)
Hertz has zero to do or in common with gamespot's saga. Hedge funds cornered themselves by shorting over 100% of gamespot's stock, and thus forcing themselves to buy over 100% of gamespot's stock back for whatever the market will be asking to be able to deliver on their contracts. Hertz was a company already in bankruptcy.