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The shorts were trying to deliberately drive GameStop into the ground so they could cash out. It was an indirect form of the private equity shred and dump move.
by slowmovintarget 2y ago
The shorts were trying to deliberately drive GameStop into the ground so they could cash out. It was an indirect form of the private equity shred and dump move.
- thunky 2y agoThat's not what it says here: https://en.m.wikipedia.org/wiki/GameStop_short_squeeze https://en.m.wikipedia.org/wiki/GameStop_short_squeeze This says that there was a massive short interest in GME because the company was circling the drain. No mention of private equity manipulation that I can find.