For my mutuals who don’t understand whats going on with the stock market and shit, heres an explanation:
(2/?)Theres smth called Stock betting where you bet money if a stock is gonna go up or down. aka if the company who‘s stocks you’re looking at is increasing or decreasing in value. still with me? good.
(3/?) What a lot of Wallstreet assholes do, is bet that certain stocks go down and then actually make them go down by influencing the market with their bazillions of dollars (cuz yes stock brokers/ companies are / can be insanely rich)
(4/?) So in this case, because GameStop is slowly going bankrupt, a lot of people were making a lot of money because they predicted that GameStop‘s value would go down. which makes sense because its a dying company
(5/?) So basically a bunch of „redditers“ made GameStop stocks increase in value by 8000% (yes, eight thousand percent) by buying stocks and investing in GameStop, making the company regain value. So that means that a lot of Wallstreet assholes lost a fuck ton of money.
(6/?) like, we‘re talking millions at a time. And yes thats the whole story. Rich Wallstreet fuzis are rly mad because someone did exactly what they do but against them. THE END. Hope y’all understand it now.
(7/7) Monke explanation:
Rich people say stock go down, rich people right, rich people make money. Reddit people make stock go up, everyone who said stock go down = losing money. Rich people mad.
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