Anyone follow the story of Game Stop over the last week.
This is some next level ****, a reddit group obliterating short seller hedge funds that drive struggling companies stock into oblivion . . .
How a Reddit group blew up GameStop's stock - CNN
Apparently, it's happened to with AMC Theaters and Bed Bath & Beyond. The establishment now is in the process of striking back: NASDAQ halted trading of a few, online brokerage firms like TD Ameritrade are limiting buying and selling options, various Wall Street voices are crying, and now the Biden administration is monitoring.
NOTE: This is NOT a political comment about either party. Anyone replying, PLEASE do not hijack it for such reasons. It's a post about the stock market.
cc:
@Big McLargehuge . . . a case where our reaction to the story might be similar?