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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm a novice and don't plan to get involved, but I think I'm understanding the story .... Won't some of the reddit folks lose their shirts when the value corrects? Or is that bet that, if enough of them agree to stay in (not cash out), then the value stays up? That's the part I'm not following.[/quote] Yes, now you see the idiocy in this entire thread. [/quote] No. This is a very sophomoric explanation. Hedge fund a-holes shorted the stock ... they only make money if it goes down and they expect it to go down. They “promise” to buy it, they plan to buy it low. The Reddit geeks bought the stock and drove up the stock. The hedge fund a-holes had to buy high, geeks sold off to hedge fund a-holes.[/quote] It is the only wealth transfer so far, from billionaires to middle class.[/quote]
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