(01-27-2021, 06:21 PM)jagibelieve Wrote:

(01-27-2021, 05:56 PM)KingIngram052787 Wrote: It's not really that basic of an example, it's pretty much exactly what's happening but in much larger volumes and with large hedge funds being the ones shorting the stock.

I kind of think it's hilarious, a bunch of nerds on reddit are costing a bunch of billionaires on wall street a lot of money.

It is kind of funny on the surface, but don't expect it to last long.  Trust me, it's not just a "bunch of billionaires on wall street" losing a lot of money.  Many don't realize that their 401k's probably have a stake in some of the hedge funds that took a huge loss.

Research the dot-com bubble in the late 1990's.

The other thing to look at is the amount of "borrowed" money in the stock market right now.