Everyone is discussing an insanely beautiful story about how the guys from Reddit were able to defeat arrogant hedge funds, but not everyone understands what exactly happened in the markets. In this article, I explain in simple terms what exactly led to the current situation.image
What Happened: Roaring Kitty Attacks!
GameStop is an international video game store chain that is going through a hard time. Low profitability and unclear future prospects (who would even go to the store for something that you can just download from Steam?) Led to the fact that the company's shares fell from $ 55 in 2013 to $ 4 by mid-2020. Several large hedge funds were convinced. that the fall in GameStop stock prices will continue: as the professionals say, they "short-cut" these shares by a large amount.
KlauS 11 february 2021, 10:38