Nate
If I knew anything about investing, I would’ve purchased stock in Game Stop about a week ago, but I didn’t. If you’re like me, understanding what’s happening right now is a little confusing so here’s the simplest breakdown from the brain a dipshit with a keyboard.
It’s basically small investors vs. wall street. It all started in the r/wallstreetbets subreddit when a massive amount of people started investing in Game Stop and it cause the price of their stock to surge. This resulted in hedge funds that were shorting their stock, resulting in them losing so much money that they had to file bankruptcy.
It’s really an amazing story. Some people have made a lot of money off of this situation too. Bloomberg reported that “one trader turned $53,566 into more than $11 million.”
The good news is that you don’t need to know anything about investing to understand these funny memes about the situation.
1. Once Elon Musk got involved, it sent the whole movement to another level.
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