Hedge fund that lost money in $GameStop (GME.US)$ shorting w...
Hedge fund that lost money in $GameStop(GME.US$ shorting was paid back by Citadel Securities, who profited from Gamestop and AMC increase. Well played sir. Well played.
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nomo335ed : The gamers had their story told
Mcsnacks H TupackOP : Yea but it could cause the market to crash and the economy. Unlike reasonably valued stocks, which are priced in fairly close relation to the free cash flow that they can deliver to shareholders, bubble stocks are driven by faith in narratives about the future.
When narratives break down, and money flows reverse, there’s no support from the underlying businesses to cushion the fall until prices crash 80%, 90% or more.
The longer today’s bubble environment persists, the more damage it’s going to inflict on the future economy.