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Ok, since a lot of people seem confused, I'll explain what's going on with GME.
Brace yourselves. This is gonna be a long thread.
Brace yourselves. This is gonna be a long thread.
This is a once in a lifetime historical event. It's insane.
At least 1 hedgefund has gone bankrupt, thanks to a group of average joes on Reddit. By the end of the week, there will be a line of bankruptcies.
So let's start at the beginning:
At least 1 hedgefund has gone bankrupt, thanks to a group of average joes on Reddit. By the end of the week, there will be a line of bankruptcies.
So let's start at the beginning:
Stocks are pretty simple, when they go up in value, you make money, because it's worth more than you bought it for.
Stock goes up- you make money.
Stock goes down- you lose money.
Short selling, is the opposite. Short selling makes money when the stock goes down in value.
Stock goes up- you make money.
Stock goes down- you lose money.
Short selling, is the opposite. Short selling makes money when the stock goes down in value.
