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Volcatile [he/him]@hexbear.net
11 points

Hedge funds, namely Citron and Melvin, shorted Gamestop’s stock (GME), which means that they bet that the stock price would go down. WSB nerds fought against this by buying GME stock and inflating it’s price. Because the price is going up instead of down, these hedge funds that bet it would go down are losing billions of dollars. Tomorrow when the stock market opens, if GME is valued at $175 or higher Melvin, a firm worth $13.1 billion, will go bankrupt.

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DivineChaos100 [none/use name]@hexbear.net
6 points

if GME is valued at $175 or higher Melvin, a firm worth $13.1 billion, will go bankrupt.

So what do i do to make this happen?

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BillyMays [he/him]@hexbear.net
5 points

It happened. Just jump on board and hold. Follow r/wsb to stay in the loop

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CanYouFeelItMrKrabs [any, he/him]@hexbear.net
5 points

the stock price goes up when more people are buying than selling. To join in you would buy. Keep in mind that you shouldn’t put in anything you are willing to lose, this is a very volatile situation

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