The power of Redditors 💪
The Wall Street David v/s Goliath story👇
It all started when a Redditor noticed that a hedge fund had taken a huge amount of short trades against GameStop and posted on the popular Reddit page #wallstreetbets, which is fond of targeting short-sellers
The Wall Street David v/s Goliath story👇
It all started when a Redditor noticed that a hedge fund had taken a huge amount of short trades against GameStop and posted on the popular Reddit page #wallstreetbets, which is fond of targeting short-sellers
The Redditors on the thread joined forces and bought as much GameStop stock as possible 💰
This made the price rise exponentially and hedge funds short position started to lose billions
So, the short-sellers had to buy shares to cover their losing bids
#reddit #GameStop
This made the price rise exponentially and hedge funds short position started to lose billions
So, the short-sellers had to buy shares to cover their losing bids
#reddit #GameStop
Tesla boss @elonmusk aka “Papa Musk” tweeted Gamestonk!!", along with a link to the Reddit page which acted as a catalyst to the whole fiasco and sent the stock price to dizzying new heights 🚀
GameStop's shares soared over 400% this week📈
All in all, the Reddit traders made millions as Wall Street lost billions
What do you think is the endgame for GameStop?
Let us know in the comments💭
All in all, the Reddit traders made millions as Wall Street lost billions
What do you think is the endgame for GameStop?
Let us know in the comments💭
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