GameStop investor clash will be won by Wall Street sharks because the game is rigged – analysts ...News

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GameStop investor clash will be won by Wall Street sharks because the game is rigged – analysts
source : Russia Today ( News ) () 11
The GameStop saga has shaken the entire world of financial markets, remaining one of the hottest topics for media outlets across the globe over the past week. The story of the American video game retailer went viral after a group of Reddit users launched a flash-mob, gobbling up the firm’s shares. The campaign resulted in GameStop’s stock price growing over 1,800 percent. The move washed billions of dollars out of the biggest hedge funds, which were short-selling the stock. Short-sellers commonly borrow shares in failing companies, hoping that, as the price falls further, they’ll sell the borrowed shares cheaper, pay back their lenders

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