Here’s a good quote:
“Barron’s reported late on Tuesday that the top securities regulator in Massachusetts believes trading in GameStop stock suggests there is something “systemically wrong” with the options trading around the stock.”
In other words: the people (Hedge Funds, professional traders) that were supposed to make money got their rear ends handed to them and That’s Not The Way Things Ought To Be. The little guys aren’t supposed to be doing this.
Sounds like the Wall Street equivalent of the Deep State talking.
Yeah they have lost 5.5 billion because the hedge funds were greedy and shorted more stocks than the should be allowed.
Several hedge funds will get bankrupt on this. One borrowed another 2.7 billion to keep their short positions open yesterday. That money is now gone if the tards hold.
That’s exactly why I think it’s so funny, the average internet troll is no match for the Wall Street Hedge Funds, until they are which cost them billions to the point of bankruptcy....
It would be a great thing if some of these hedge funds went bankrupt, especially if a bunch of basic internet trolls were to cause it and made a fortune in process, good for them...