Incase you haven't caught up yet, a subreddit with 2 million users decided to Bognadof the Gamespot stock, so much that 3 days ago it closed $40 US dollars, then yesterday it was $75 and just now when the market closed it was $145 US. Gamespot is now worth 10 billion dollars, the first time ever in it's history and Melvin Investment, a hedgefund that was short selling the stock has lost an estimated 6 billion dollars, after receiving a 2.75 billion bailout yesterday from 2 other investment firms. This really is entertaining to watch and is costing someone rich a lot of money.
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Anyone who is short and must buy shares to cover their margin, and morons chasing easy money.
By this logic, it must be heading for a huge collapse eventually.
Read up on VW 2008. Similar thing happening here.
I hear there's a lot of money to be made shorting $GME...
Ah, the circle of life.