Just because I can here is the over-under on the gme situation. Since gme is a brick and mortar store, during corona it experienced heavy drops in stock price. Because of this major investors thought gme would go bust (like blockbuster, no pun intended) ->

So they shorted the stocks. Later on the ceo of chewy invested and got 30 percent of gme (this is good news for gamestop because they need a billionaire investment and someone who is experienced in e commerce). And since there is a new console cycle (xbx and ps5)->

gme will make more money (as they do each cycle). In addition msft signed a deal with gme giving them a share of all Xbox revenue. During this time the major investors that shorted gme originally came back, only to short again. Why? So they could defend their original shorts->

Basically because they saw gme was on the up they wanted to suppress stock prices. There are in total now (afaik) roughly 71 million short positions and gme only has about 69.75 mil shares. You can have more shorts than actual stocks however because of interest->

About 20% of gme is owned by insiders who can't trade easily because of insider regulations and another 20 percent owned by big institutions who don't generally trade. This leaves about 20-30 million tradable stocks and 71 mil shorts who need to buy stocks->

This leaves a massive demand and a limited supply. R/wsb saw this and realized if they bought the stock and held it, the price would go up. This creates what is known as a short squeeze where people with shorts desperately try to buy stocks and cover->

Before the price gets too high. They are losing money but if they cover now they won't lose as much. To compare, this happened in 2008 with Volkswagen where they briefly became the world's most expensive company. Because of this the people on wsb made tons of money and->

the short sellers lost big (Melvin capital and Andrew left of citron research). Melvin is a big hedgefund and apparently a couple days ago they had to be bailed out by some big institutions (citadel and point72 who invested 2.75 bil). It is still unclear whether the->

short squeeze is over, there are still shorts to be covered apparently but no one is sure how it'll pan out.
Not sure why I did this but yea.
See this video for a bit more depth

Let me know if I fucked anything up