The perfect storm ensued when Reddit-ors discovered that a hedge fund had taken a large short position in GameStop and collectively started buying up the stock causing its price to go up.
How to lose $5B in one week: When it comes to short selling, here are three pieces of advice “Don’t short, don’t short, do not short”! Unless you really know what you are doing. And even then, don’t do it! The saga of the past week in the case of the stock of GameStop illustrated …
