Reddit retail traders cause hedge funds to lose $5 bn
Posted: Wed Jan 27, 2021 7:14 am
https://markets.businessinsider.com/new ... 1030006226
TL;DR: hedge funds were short selling GameStop (because digital downloads spells the end), but Reddit users caused the 1%ers to lose a lot of money. Won't last, but it's kind of hilarious. The Internet is still undefeated.
TL;DR: hedge funds were short selling GameStop (because digital downloads spells the end), but Reddit users caused the 1%ers to lose a lot of money. Won't last, but it's kind of hilarious. The Internet is still undefeated.