Reddit and Elon Musk's GameStop stock rocket: This 'insane' 'Ponzi scheme' can't last - CNET
https://www.cnet.com/news/reddit-and-elon-musks-gamestop-stock-rocket-this-insane-ponzi-scheme-cant-last/
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"Hedge funds and others that bet against GameStop have collectively lost more than $5bn"
GameStop: Reddit users claim victory as $13bn hedge fund closes position, accepting huge losses
https://www.independent.co.uk/news/business/gamestop-share-price-reddit-hedge-fund-melvin-capital-b1793543.html
I'm actually surprised this hasn't happened earlier. And, I won't be surprised when Russia uses this as a tool to mess with US markets.
AOC learns how Robinhood makes its money
https://www.youtube.com/watch?v=pzCEQu1vDfE&feature=youtu.be
This is actually a very informative 13 min video. Interesting who some of the players are.
he's been impressed with the sophistication some Reddit users have demonstrated, saying they're "not as dumb as everybody thinks."
"They're searching out situations that are over-shorted that have thin floats. They're organizing the night before and they're going after the stocks and in most cases, they're driving them up," he said, adding he made 5% on Tuesday "on some crazy pharmaceutical company I'd never heard of."
Kevin O'Leary starts day trading Reddit-favored stocks to see if he can beat robo-advisor returns
https://www.cnbc.com/2021/02/17/kevin-oleary-day-trading-reddit-stocks-to-see-if-he-can-beat-robo-advisor.html