Someone did the math and $GME market cap is 12B.

Total market cap of stock market is 50T

the shenanigans going on from r/wallstreetbets, they only got 0.25% out of $GMEs total market cap and rich f***s are mad at 0.25% , its hilarious.

go suck a f*** bootlicker

$UVXY or nah gang?

Can someone explain wtf happened? Everyone start buying GameStop stock?

RIP Robinhood

brokers set whatever they choose to sell on their platform, if they did still let people buy gme they'd almost certainly be testifying in front of congress next week being grilled as to why they let people eat up a volatile stock that they knew was going to fail.

on the other hand this decision is going to end relations with a lot of future and present customers for RH and impact their business permanently, at least IMO.

it's a lose-lose situation for RH tbh.

Someone give me a short synop of the situation

All I know is that GameStop stock is soaring for apparently no real reason? Physical games are dying and covid forcing people indoors definitely didn’t help their business model

Ctfu the irony in this loser’s post

Reddit niggas finna f*** up the whole game

We bout to end up like South Korea

It's being artificially inflated.

But AMC Nokia and Gamestop really are companies on borrowed time tbh

How do you artificially inflate stocks? I’m assuming you just create fake hype around certain stocks to influence people to buy or sell a certain way?

Not that knowledgeable on stocks

Wow I’ve changed my mind about her she’s a Queen

So are they still able to cash out? Cause at this point if I had any I’d be like ok meme over let me get my money before situation gets more f***ed

preface: Gamestop is actually in a better position than many believe because of the amount of cash on hand they have, and better performance than expected due to the console cycle

now to the real s***

People short stocks when they think it will fail. This is the process of borrowing a stock, selling it at a high price, then betting on the stock to fall down so they can buy it back at a lower price and return the stock, to the lender, creating a profit. This is basically betting on the failure of a stock, and it is how some companies made a massive amount of money during the housing crisis. Sounds extremely scummy right? It is. A hedge fund named Melvin Capital had shorted Gamestop to an absolutely extreme amount, -138% of their total share value. This is called naked shorting and it’s actually illegal. A number of redditors in the trading community /r/wallstreetbets noted the massive short and the low price of Gamestop stock, and decided to begin was was called a short squeeze. This is when the price of a stock is driven extremely high to force shorters to sell their stocks to cover their losses, creating higher prices as they give in to demand. This is illegal to coordinate privately but it occurred in a public setting on reddit so it’s really not illegal. this all basically snowballed into the price going fron 3-4.00 to as high as 483. The squeeze is absolutely decimating Melvin Capitol and high rollers in the stock market have been colluding to keep the retail investors from buying more gamestop which is illegal

they can but if they keep holding the price can potential hit $1000 a share and many people are doing that for a financial and also a moral purpose

this is nakedly illegal

this is literally grounds for a class action lawsuit

only able to cash out because that lets the shorters win

if they really had an issue with volition then they would stop both opening and closing. even if we take it we still lose

f*** robinhood I can't even buy more NOK on the dip. Definitely moving to a different platform ASAP

if the market had an issue with volition they wouldn’t let multi billion hedge funds illegally short a stock for a business that is filled with working class employees into the ground

i hope i can get mine from this stock and this lawsuit

i hope these companies get what they deserve for this