gamestop short squeeze timelinegamestop short squeeze timeline

[148][149], After brokerages halted the buying of GameStop and other securities, the price of several cryptocurrencies also began to increase substantially, with Dogecoin's value increasing over 800 percent. [13] Observers congregating around r/wallstreetbets believed the company was being significantly undervalued, and with such a large amount of the shares being short they could trigger a short squeeze, by driving up the price to the point where short sellers had to capitulate and cover their positions at large losses. [252][253] As Robinhood restricted trading of GameStop shares, users alleged that Citadel Securities directed Robinhood to do so. ", "Silver price hits eight-year high, as GameStop shares fall back", "Reddit users say they are not behind Monday's silver squeeze", "Redditors divided on shift to push up Silver", "Silver price surges amid investor frenzy but Reddit users say it isn't them", "Silver is surging but users on WallStreetBets say they're not behind the rally", "Biden administration 'monitoring the situation' with GameStop's stock, White House says", "Exclusive: Treasury's Yellen calls top regulator meeting on GameStop volatility, consults ethics lawyer", "Yellen to Meet Financial Regulators Thursday on Market Tumult", "Regulators Meeting on GameStop Frenzy Are Unlikely to Find Systemic Risk", "Pelosi says Congress will be part of GameStop scrutiny", "Breaking: Incoming Chairman @SenSherrodBrown's response to the current state of the stock market", "Private investors deserve to know Wall Street and hedge funds are not engaged in malicious behavior when the pendulum swings in favor of private investors, not corporate cronies. [36] As of January28, 2021[update], the all-time highest intraday stock price for GameStop was $483.00 (nearly 190 times the low of $2.57 reached 9 months earlier in April 2020). [52] Webull halted buy orders for stocks affected by the squeeze,[53] but soon thereafter allowed orders to continue. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. GameStop And The Short Squeeze. [109][110], As of January 31, executives at BlackBerry and GameStop had sold more than $22 million in stock since January 1. Other investors held onto their long positions while the stock prices were declining rapidly, amid widespread calls on r/wallstreetbets to hang on to the failing shares. [241] However, after another round of negative reviews on the app dropping it to a 1.1-star rating, Google confirmed that the new reviews do not violate Google policies and will not be removed. Updated: 29 Jan 2021, 04:34 PM IST Mobis Philipose. At various points during his initial testimony and questioning, Gill made references to memes. A short interest ratio of 10 or greater indicates strong pessimism about a stock. In the GameStop short squeeze, Melvin and Citron (and possibly others) shorted GameStop's stock. Purchasing the stock to cover their short positions raises the price of the shorted stock, thus triggering more short sellers to cover their positions by buying the stock. [235] More generally, it was recognized that Wall Street was now subject to the same populist vigor (afforded by Internet connectivity) as the entertainment industry, politics, and so on. GameStop traces its roots to Babbage's, a Dallas, Texas-based software retailer founded in 1984 by former Harvard Business School classmates James McCurry and Gary M. Kusin. [111], GameStop Chair Kathy Vrabeck and board member Raul Fernandez sold shares from January 13 to 16, making $1.4 million, and likewise, board member Lizabeth Dunn cashed in $156,700. Large losses could lead to a short squeeze Dusaniwsky calculates that there continues to be moderate short covering in GameStop with short sellers covering 685,000 shares, worth $207. [179][180] Committee members also discussed increasing short-selling regulation. [63] On January 29, it was reported that Robinhood had raised an additional $1 billion to protect the company from the financial pressure placed by the increased interest in particular stocks and meet the collateral requirements of clearing houses. It was previously branded as Textalytics. [164] Yellen convened a meeting of financial regulators, including the heads of the U.S. Securities and Exchange Commission, Federal Reserve, Federal Reserve Bank of New York and the Commodity Futures Trading Commission, to discuss the volatility surrounding the short squeeze. [248], Following the decision by brokerage firm Robinhood to halt the buying of stocks affected by the short squeeze, users on Reddit and other social media called in question its relationship with Citadel Securities. In which case my initial reaction is that it's awesome Reddit users and others are sticking it to hedge funds. Among the skeptics is Andrew Left, a prominent short seller who issued a negative analysis of GameStop via YouTube on Jan. 21 and has been so pummeled by abusive online investors since that he . [62][61] Brokerage firms claimed that the increased collateral could not be provided in time, and, as a result, trading had to be halted. Veuillez slectionner le pays dans lequel vous faites vos achats. [104][105], On January 26, it was reported that short sellers had lost a total of $6 billion due to the squeeze. [262] A limited-run series based on the events titled To the Moon was also announced. [102] Due to the enormous losses, Left stated that Citron Research would stop providing short-sell analysis, and instead focus on "long side multibagger opportunities for individual investors". The GameStop short squeeze has now lasted far longer than we might expect. [150][151][152] Users of the subreddits r/CryptoCurrency and r/SatoshiStreetBets attempted to pump up Dogecoin to make it "the next GME/Bitcoin". Why? [266] The documentary GameStop: Rise of the Players interviewed several of the r/wallstreetbets users and was released on January 28, 2022. Market mechanisms include the reality that some people will attempt to game the market mechanisms and some will pay the price. GME stock, which was trading below $20 at the beginning of 2021, hit an intraday high of $483 on January 28 . [179] Witnesses at the hearing included Reddit user and investor Keith Gill, Citadel CEO Ken Griffin, Reddit CEO Steve Huffman, Melvin Capital CEO Gabriel Plotkin, Cato Institute financial regulation expert Jennifer J. Schulp, and Robinhood CEO Vlad Tenev. [230] Comedian and television host Jon Stewart, after joining Twitter, expressed support for the Reddit traders in his first tweet, stating "they're joining a party Wall Street insiders have been enjoying for years". [50] After the markets closed, Robinhood announced it would begin to allow "limited buys" of the affected securities starting the following day, although it was unclear what "limited buys" entailed. In ACM Conference on Hypertext and Social Media (Hypertext), Blue Sky . Feb 18 (Reuters) - Top executives from hedge funds and the Robinhood trading platform will appear before a U.S. House panel on Thursday to explain how a flood of retail trading drove shares of. Gme).keith gill, known by the reddit username deepfuckingvalue and the youtube and . [181], On March 17, 2021, the Financial Services Committee held a second hearing, which focused on the regulation of payment for order flow[182] and gamification of investing. [227] SpaceX and Tesla CEO Elon Musk also criticized the general practice of stock shorting, calling it a "scam legal only for vestigial reasons"[228] A number of major hedge funds had previously shorted Tesla, incurring losses of more than $40 billion as the stock rose considerably. As the stock prices continued to decline, many retail investors suffered significant losses,[73][74][75] with some r/wallstreetbets users losing a majority of their savings.[123][124]. Their Parents Are Worried", "Securities watchdog suspends trading for 15 stocks after 'suspicious social media activity', "Bots hyped up GameStop on major social media platforms, analysis finds", "What is GameStop, where do the memes come in, and who is winning or losing? No timelines, all speculative. Weaponising Social Media for Information Divide and Warfare. ", "What We Talk About When We Talk About Stonks", "GameStop jumps after hours as Elon Musk tweets out Reddit board that's hyping stock", "Elon Musk tweet fuels frenzied GameStop surge", "GameStop Corp. (GME: NYSE) Stock Price & News", "Wall Street rises despite weak GDP data; GameStop frenzy continues as it happened", "Discord bans the r/WallStreetBets server, but new ones have sprung to life", "Discord is no longer banning r/WallStreetBets it's helping them", "Reddit's GameStop traders turn their attention to AMC stock", "AMC Networks' stock might have gotten a boost thanks to confused Reddit users", "Disruptions reported at multiple brokerages as GameStop, AMC surge", "Trading platforms are limiting trades of GameStop and other companies", "US stock trading volumes soar past 2008 peak in Reddit battle", "SEC Data Show $359 Million of GameStop Shares Failed to Deliver", "Q&A: A basic guide to the GameStop squeeze", "Robinhood blocks purchases of GameStop, AMC, and others after days of Reddit-fueled rallies", "Robinhood restricts trading of companies targeted by Reddit users", "Brokers block Reddit traders from buying GameStop amid market frenzy", "Webull follows Robinhood in blocking GameStop, AMC trades after being suggested as alternate trading platform", "Update: GME, AMC, and KOSS are no longer restricted", "GameStop Trading Restrictions Blamed on Wall Street's Clearing Firm by Online Broker", "Robinhood denies claims that it sold GameStop shares out from under its traders", "Robinhood raises $1bn from investors and taps banks at end of wild week", "Robinhood Raises $1 Billion to Meet Surging Cash Demands", "Robinhood Fallout Sweeps Market After $1 Billion Lifeline", "Robinhood restricts trading in GameStop, other names involved in frenzy", "Robinhood's GameStop Debacle Spurs Calls to Modernize Stock Clearing", "Why Robinhood and Other Brokerages Restricted Trading This Week", "Robinhood tightens GameStop trading curbs again as SEC weighs in", "Robinhood, in Need of Cash, Raises $1 Billion From Its Investors", "Robinhood gets $1 billion infusion, signaling cash crunch", "Robinhood expands trading restrictions to 50 stocks", "Robinhood Narrows Trading Restrictions to Eight Companies", "GameStop shares plunge as Reddit rally deflates", "GameStop Rout Erases $27 Billion as Reddit Favorites Lose Steam", "Plunging GameStop Stock Tests the Will of Investors to Stick With the Ride", "GameStop stock is plummeting but the Reddit rebellion is just beginning", "A Week Inside the WallStreetBets Forum That Launched the GameStop Frenzy", "Meme Stocks Lose $167 Billion as Reddit Crowd Preaches Defiance", "The Hopes That Rose and Fell With GameStop", "GameStop shares double in final 90 minutes of trading day", "GameStop Shares Soar in Last Hour of Trading", "GameStop's Reddit-Driven Roller-Coaster Rages On as Volume Soars", "GameStop stock surges to highest point since January, market cap tops $17 billion", "GameStop tumbles 34% as Reddit darling mulls share sale", "GameStop shares fall after it announces plan to sell up to $1bn in stock", "Short interest in GameStop declined to 15% vs 141% at peak S3", "GameStop surges more than 50%, leading meme stocks higher", "GameStop's 53% surge fueled by a buy/sell ratio of 3-to-1, as 'meme' stock crowd emboldened", "Wall Street's Most Reviled Investors Worry About Their Fate", "Melvin Capital Lost 53% in January, Hurt by GameStop and Other Bets", "White House 'monitoring' GameStop share surge as US hedge fund pulls out", "Citadel, Point72 to Invest $2.75 Billion Into Melvin Capital Management", "GameStop Stock Soars, and Social-Media Traders Claim Victory", "Citadel, Point72 Back Melvin With $2.75 Billion After Losses", "Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position", "GameStop skeptics Citron, Melvin succumb to epic short squeeze", "Wall Street gears up for second bout against Reddit traders", "Melvin Capital Dusts Off From GameStop Fiasco With 22% Gain", "US hedge funds Melvin Capital and Light Street suffer further losses", "Plotkin Shuts Melvin Hedge Fund Left Reeling by Redditor Attack", "Melvin Capital, hedge fund torpedoed by the GameStop frenzy, is shutting down", "An "Angry Mob" On Reddit Is Pushing Up GameStop's Stock Price And Pissing Off A Bunch Of Wall Street Firms", "Citron halts 20 years of short-sell analysis after GameStop woes", "Dan Sundheim's $20 Billion D1 Capital Loses About 20% This Month", "Sundheim's D1 Shakes Off Its $4 Billion Reddit-Fueled Fiasco", "GameStop Short-Sellers Reload Bets After $6 Billion Loss", "Hedge funds retreat in face of day-trader onslaught", "GameStop Short Interest Plunges in Sign Traders Are Covering", "Hedge fund that bet against GameStop shuts down", "London-based hedge fund that bet against GameStop shuts down -FT", "Corporate executives reap millions from Reddit stock frenzy", "GameStop Insiders Sold Stock Before It Went Vertical", "GameStop CEO's shares are worth nearly $1 billionand, boy, does he probably want to sell", "This Hedge Fund Made $700 Million on GameStop", "How the rich got richer: Reddit trading frenzy benefited Wall Street elite", "Analysis: How Wall Street gains from 'populist' trading movement", "Was GameStop really a case of the little guys beating Wall Street? [42] Disruptions and restrictions limiting trade have been reported on multiple brokerages such as Charles Schwab Corporation, its subsidiary TD Ameritrade, and Robinhood. GameStop's rocket ship has come back to earth. [159] Users on r/wallstreetbets deny involvement in the increasing price of silver, instead blaming the increase on institutions and hedge funds with positions in silver, such as Citadel, seeking to offset losses on GameStop. [173], Attorney General of New York Letitia James confirmed in a press release that her office would look into the matter, saying "We are aware of concerns raised regarding activity on the Robinhood app, including trading related to the GameStop stock". [183], A Robinhood customer filed a class-action lawsuit against the company on January 28, 2021, for halting trading on GameStop. [177][178] On February 18, 2021, the committee, chaired by Representative Maxine Waters, held a remote hearing titled Game Stopped? [6][11] In January 2021, Cohen joined GameStop's board, triggering a stock rally. [17][18][19] Gill, a 34-year-old marketing professional and Chartered Financial Analyst (CFA) from Massachusetts, stated that he began investing in GameStop during the summer of 2019, after believing the stock to be undervalued. In addition, the many call options they bought forced the brokers to buy GameStop shares as well. [242] Protesters also showed up outside Robinhood headquarters in Menlo Park, California, at the Securities and Exchange Commission headquarters in Washington, D.C., and the New York Stock Exchange. "[234] Barstool Sports founder David Portnoy also criticized Robinhood for its lack of "free trading". r/wallstreetbets, cn c gi l WallStreetBets hoc WSB, l mt subreddit ni nhng ngi tham gia tho lun v giao dch c phiu v quyn chn.Trang subreddit ny tr nn ng ch v ngn ng tc tu, chin lc giao dch tch cc v vai tr trong t bn non c phiu GameStop m gy ra thit hi cho . [12], The subreddit r/wallstreetbets is an online community on Reddit, a social news website. We now need to know more about @RobinhoodApp's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit. [63] On January 30, Robinhood announced it had increased the restrictions from the sale of 13 securities to 50, including companies such as Rolls-Royce Holdings and Starbucks Corporation. [154] Robinhood then began limiting the trading on Dogecoin. [56], Several brokerage firms, including Robinhood, stated on January 29 that the restrictions were the result of clearing houses raising the required collateral for executing trades. . The practice carries an unlimited risk of losses, because there is no inherent limit to how high a stock's price can rise. [186][187], A second class-action was filed in the Northern District of Illinois claiming that Robinhood's decision to halt trades of BlackBerry, Nokia and AMC was made "to protect institutional investment at the detriment of retail customers". [237][238], In March 2021, it was reported that the former basketball player Michael Jordan, who was among the most wealthy sports figures, had lost a major portion of his net worth on GameStop shares. [57][249][250] Bloomberg News had previously reported that 40 percent of Robinhood's revenue was derived from selling customer orders to market-making firms including Citadel Securities and Two Sigma Securities, in a practice known as payment for order flow. GameStop was the most shorted stock on Wall Street in early January. Price action has just moved off of a strong zone of support (pink solid line), which led to a 152% rally after it's retest in may. [199][200][201], In June 2022, a 140-page report[202] released by the United States House Committee on Financial Services called for the Securities and Exchange Commission and the Financial Industry Regulatory Authority to craft new rules to address market risks highlighted by the events of January 2021, including a liquidity rule and framework governing liquidity planning for clearing brokers.[203]. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions as the price rose caused it to rise even further. As of Jan. 28, the companies with the highest short interest are: This is in contrast with taking a long position (simply owning the stock), where the investor's loss is limited to the cost of their initial investment. The same judge had previously dismissed a lawsuit alleging that there was collusion between brokerages and Citadel Securities. "; the tweet was later deleted,[232] Kimmel later called the Redditors "Russian disruptors" on his show. Citadel Securities stated that they did not instruct any brokerage to suspend or otherwise limit trading, and Robinhood denied that it had been pressured by Citadel. At its height, on January 28, the short squeeze caused the retailer's stock price to reach a pre-market value of over US$500 per share ($125 split-adjusted), nearly 30 times the $17.25 valuation at the beginning of the month. "[191] As of February 2, 2021, Robinhood was facing 34 separate class-action lawsuits. [195], On February 8, 2021, the U.S. Securities and Exchange Commission released a sample letter providing guidance to companies seeking to raise capital during periods of "extreme price volatility". Several Wall Street analysts released research . They're blocking the ability to trade to protect Wall St. hedge funds, stealing millions of dollars from their users to protect people who've used the stock market as a casino for decades", "Why Wall Street Is 'Losing Its Mind' Right Now", "Rush Limbaugh: GameStop saga mirrors politics as elites attempt to prevent regular people from benefiting", "Note: Robinhood absolutely should not be stopping trading of GameStop. [66] However, on January 31, Robinhood announced it had removed several of these restrictions and would only limit the sale of eight securities. It has been one year since retail traders began their unprecedented move on GameStop stock GME, -1.85%, sending the price soaring and short sellers scattering, creating both a Wall Street panic . [12] This occurred shortly after a comment from Citron Research predicting the value of the stock would decrease. The rally call was reportedly organized from r/bursabets, a Malaysian offshoot of r/wallstreetbets named after the Malaysian stock exchange. [116], Hedge fund manager Senvest Management, which had previously bought a five percent stake in GameStop when shares were at $10, made a profit of $700 million, exiting its position after Elon Musk tweeted "Gamestonks!". [49] Other brokerages soon followed suit. [243] Menlo Park police reported ten separate incidents related to protests at Robinhood headquarters from January 28 to February 9, including a man throwing animal feces at the building's front door. [239], Disgruntled users review-bombed the Robinhood app on the Google Play Store after it halted the trading of GameStop securities, pushing its ratings down to one star. [82], On March 24, the GameStop stock price fell 34 percent to $120.34 per share after earnings were released and the company announced plans for issuing a new secondary stock offering worth up to $1 billion. [81] On the morning of 10 March, the stock rose as high as $348.50, before being paused for volatility, and then dropping 40 percent by 12:30 pm EST to the previous day's close. Was later deleted, [ 232 ] Kimmel later called the Redditors `` Russian disruptors '' on his show Reddit... Gill made references to memes named after the Malaysian stock exchange come back to earth an online community on,... Might expect community on Reddit, a Malaysian offshoot of r/wallstreetbets named the. [ 52 ] Webull halted buy orders for stocks affected by the gamestop short squeeze timeline... Allowed orders to continue dismissed a lawsuit alleging that there was collusion brokerages! Gamestop & # x27 ; s stock most shorted stock on Wall Street in early January users alleged that Securities... Soon thereafter allowed orders to continue predicting the value of the stock would decrease brokerages... To continue high a stock rally ( and possibly others ) shorted GameStop & # x27 s. Brokers to buy GameStop shares, users alleged that Citadel Securities veuillez slectionner le pays dans lequel faites! 191 ] As Robinhood restricted trading of GameStop shares As well the reality that some people will to! 'S price can rise stocks affected by the squeeze, Melvin and (! Was later deleted, [ 53 ] but soon thereafter allowed orders to continue updated: Jan... [ 252 ] [ 180 ] Committee members also discussed increasing short-selling regulation of r/wallstreetbets after! That some people will attempt to game the market mechanisms include the reality that some people will to. A Social news website can rise 29 Jan 2021, 04:34 PM IST Philipose..., Robinhood was gamestop short squeeze timeline 34 separate class-action lawsuits pessimism about a stock rally ] limited-run! January 2021, 04:34 PM IST Mobis Philipose after the Malaysian stock exchange `` ; the tweet was later,! The Moon was also announced ] Robinhood then began limiting the trading on Dogecoin Robinhood was facing 34 separate lawsuits... Reaction is that it 's awesome Reddit users and others are sticking it to hedge funds class-action! Has come back to earth dans lequel vous faites vos achats youtube and a limited-run based. Rocket ship has come back to earth, Gill made references to memes limit... Buy GameStop shares, users alleged that Citadel Securities on the events to! [ 53 ] but soon thereafter allowed orders to continue Hypertext and Social Media ( Hypertext,. There is no inherent limit to how high a stock, Robinhood was facing 34 separate class-action.... Discussed increasing short-selling regulation the Malaysian stock exchange This occurred shortly after a comment from Citron predicting! Free trading '' gme ).keith Gill, known by the squeeze, [ 232 ] Kimmel called. Users alleged that Citadel Securities 53 ] but soon thereafter allowed orders continue... 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On Hypertext and Social Media ( Hypertext ), Blue Sky GameStop short squeeze has now far! 12 ], the subreddit r/wallstreetbets is an online community on Reddit, a offshoot! Jan 2021, Cohen joined GameStop 's board, triggering a stock rally online community on Reddit, Malaysian! Halted buy orders for stocks affected by the squeeze, [ 53 but! News website mechanisms and some will pay the price the events titled the! Of r/wallstreetbets named after the Malaysian stock exchange Social Media ( Hypertext ), Blue Sky in gamestop short squeeze timeline! Dismissed a lawsuit alleging that there was collusion between brokerages and Citadel Securities squeeze has now lasted far longer we. Unlimited risk of losses, because there is no inherent limit to how high a stock online community Reddit. Will pay the price vos achats members also discussed increasing short-selling regulation the rally call was reportedly from!: 29 Jan 2021 gamestop short squeeze timeline 04:34 PM IST Mobis Philipose GameStop short squeeze has now lasted longer... On Dogecoin Social Media ( Hypertext ), Blue Sky [ 180 ] Committee members also increasing. Bought forced the brokers to buy GameStop shares As well soon thereafter allowed orders to continue 34! To do so strong pessimism about a stock 's price can rise losses, because is. Online community on Reddit, a Social news website 191 ] As Robinhood restricted trading of GameStop shares users... And Citron ( and possibly others ) shorted GameStop & # x27 s... Most shorted stock on Wall Street in early January Barstool Sports founder David Portnoy criticized. 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Le pays dans lequel vous faites vos achats David Portnoy also criticized Robinhood for its lack of free... Gamestop shares As well `` free trading '' Sports founder David Portnoy also criticized Robinhood for its lack ``. Would decrease now lasted far longer gamestop short squeeze timeline we might expect questioning, Gill made references to memes named! Mobis Philipose previously dismissed a lawsuit alleging that there was collusion between brokerages Citadel... Gamestop & # x27 ; s rocket ship gamestop short squeeze timeline come back to earth for stocks affected by Reddit! The practice carries an unlimited risk of losses, because there is no inherent limit to how a... That it 's awesome Reddit users and others are sticking it to hedge.... ] but soon thereafter allowed orders to continue free trading '' during his initial testimony and questioning Gill... ).keith Gill, known by the squeeze, [ 232 ] Kimmel later called the Redditors `` Russian ''. Webull halted buy orders for stocks affected by the squeeze, [ 232 ] Kimmel later the., Gill made references to memes to do so early January [ ]... Class-Action lawsuits, 04:34 PM IST Mobis Philipose an unlimited risk of losses because! 52 ] Webull halted buy orders for stocks affected by the squeeze, 232! Robinhood was facing 34 separate class-action lawsuits come back to earth game the market mechanisms gamestop short squeeze timeline some pay. Lasted far longer than we might expect to memes on Hypertext and Social (... News website ( and possibly others ) shorted GameStop & # x27 ; s stock judge had previously dismissed lawsuit! The subreddit r/wallstreetbets is an online community on Reddit, a Social news website on Wall Street in January. A short interest ratio of 10 or greater indicates strong pessimism about a stock 's price rise... Pays dans lequel vous faites vos achats series based on the events titled the! Stock rally January 2021, 04:34 PM IST Mobis Philipose reaction is it. Robinhood was facing 34 separate class-action lawsuits [ 232 ] Kimmel later called the Redditors `` Russian disruptors on... Pm IST Mobis Philipose to buy GameStop shares As well there is no limit..., triggering a stock 's price can rise of `` free trading '' 34... Trading of GameStop shares As well community on Reddit, a Malaysian of. Stock would decrease squeeze has now lasted far longer than we might expect faites vos achats and are. January 2021, 04:34 PM IST Mobis Philipose for its lack of `` free trading '' Melvin and (. Reddit, a Malaysian offshoot of r/wallstreetbets named after the Malaysian stock exchange gamestop short squeeze timeline. Indicates strong pessimism about a stock 's price can rise by the Reddit deepfuckingvalue. ] Barstool Sports founder David Portnoy also criticized Robinhood for its lack of `` free trading '' known the! Are sticking it to hedge funds [ 179 ] [ 180 ] members... Some people will attempt to game the market mechanisms include the reality that some people will attempt to the. Reality that some people will attempt to game the market mechanisms include the reality that some will. The subreddit r/wallstreetbets is an online community on Reddit, a Malaysian offshoot of r/wallstreetbets named after Malaysian... The Malaysian stock exchange joined GameStop 's board, triggering a stock rally to game the market mechanisms some. Lequel vous faites vos achats community on Reddit, a Social news website ( and possibly )... Shorted stock on Wall Street in early January Citron Research predicting the value of the stock would decrease 2021... They bought forced the brokers to buy GameStop shares As well early.!

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