GameStop Stock's Meteoric Rise is a Short Squeeze + 100% a Ponzi Scheme
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3 years ago
30
As the price of Game Stop and other heavily shorted stocks continue their meteoric rise, one has to note that it represents no change in value of the company, and is 100% a Ponzi scheme, part of an effort to knock out hedge fund Melvin Capital.
Someone is going to be left holding the bag stock Not worth nearly what is being paid for it.
#GameStop #Wallstreetbets #MelvinCapital
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