Reddit poster goes from $50k to $11 million off Gamespot stock( now $48 mil)

Actually6Foot3

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The same way all the fukking scammers been using and laundering billions of dollars on those dark websites the feds couldn't even come close to catching them all

what rock have you been under lol
the nikkas in wall street bets aren't billion dollar money laundering scammers. :mjlol: They're retail investors with an iPhone and an internet connection


This nikka thinks it's a bunch of El Chapos in WSB sub :russ:
 

mbewane

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This explains what happened until yesterday.
After it broke the news a lot of people started jumping on it, driving the price up even further.
Then wallstreet started to fight back trying to drive the price down after markets closed. Reddit users fought back when markets opened today. Then, brokerages stopped trading Gamestop and a couple of other stocks, so the price couldn't be driven up further.

The hedgefunds need to buy back the shares tomorrow, if the price stays high, they will probably go bancrupt.


Thx breh, dude was pretty clear about what happened. So if I understand correctly institutional investors are mad they got played at their own game by a bunch of random reddit dudes :wow:
 
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