what happened with gamestop can someone explain to me because i am very unintelligent

Jan 28, 2021 · 4:33 PM UTC

16
2
51
Replying to @CiblesGD
Redditors bought a lot of gamestops stocks to make its value go up and make Wallstreet people lose money bc they expected the stock to go down instead of up losing billions of dollars
1
3
i still don't know what stocks are
1
more replies
Replying to @CiblesGD
Reddit made the stocks go WAAAAAAAAAAAY up to act against those nerds on Wall Street
1
8
what are stocks
2
11
more replies
Replying to @CiblesGD
Hedgefonds bet a lot of money on GameStop going out of business. Reddit saw that and invested tons into GameStop making the stock go up. The hedgefonds lost the bet and thus lost an insane amount of money
Replying to @CiblesGD
The rich make money off knowing that GME/GameStop's failing Reddit makes GME not fail Redditors make millions, rich people lose billions The rich gets super mad and gets the people who own Robinhood to block GME (doing that is illegal, market manipulation to protect the rich)
1
Replying to @CiblesGD
rich people went "I bet that dying company won't suddenly become more valuable" redditors made that company suddenly much more valuable
1
Replying to @CiblesGD
Fighting the crooked with stupidity, it works amazingly well
Replying to @CiblesGD
i found a good one
1
Replying to @CiblesGD
she thought gamers about stocks
4
Load more