WallStreetBets Reddit Users Cost Hedge Funds Billions of Dollars in Gamestop Stock Short Squeeze
3 years ago
1
In a crazy turn of events, a group of people from the Reddit forum WallStreetBets and others throughout the web cost Hedge Fund groups billions of dollars in the stock market. These users all got together and bought Gamestop stocks that had been shorted by these hedge funds. This drove the price of the stock through the roof costing these hedge funds billions.
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