So some hedge fund bros sold some stock they didnt actually own and then when that stock was worth more and the people who did own it wanted it back, they had to pay out the arse to get it back to give it back.
They expected to make money selling it for one price, then then whenever the stock got cheaper they'd buy it back, pocketing the difference. The actual owners of the stock wouldnt be asking for it back until it was worth selling, which hedge fund bros didnt see happening.
Then reddit bros decided to fuck with hedge fun bros by pushing up stock prices, so the actual stock owners went "hi i want that back now its worth money" and hedge fund bros panicked because they had already sold it and would have to buy it back at a personal loss.
Now men who thought you had to be rich and connected to fuck with the stock market to control people's life savings are upset that some randos bored on reddit rinsed money out of them, previously believing it was only ok when they did it to others.
??????
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