Correct me if I am wrong but Citron is basically hedging their bets that the price of gamestop will fall dramatically and go bankrupt. They short-sold, so they will by Gamestop shares at whatever price it is at in the future (they want them to fail). WSB, realizing this, is artifically pumping up gamestop to the point where Citron will have to buy a crap ton of super expensive shares making the reddit people very rich in the process. So it's a battle of who is more influential at manipulating the market. Tons of people are very pissed off about it and it's really funny
https://www.bloomberg.com/news/articles/2021-01-22/gamestop-tug-of-war-gives-reddit-army-a-win-on-record-volatility
When you sell a stock short, and it goes to $0, you make a profit of 100%. When you sell a stock short but it goes higher, your losses are potentially infinite
Everyone knows the market is irrational but bond yield is at like 0%.
There is nowhere else to put money right now.
Bill Gates is putting his money into farmland. Probably the safest bet.
The bourgeoisie of yesteryear becoming the aristocracy of the future, a tale as old as civilization.
how do you know this?
There was an article not too long ago about how Bill Gates owns the most farmland in America.
there's no fucking way
holy fuck
Lol yeah
:elmofire:
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Can't wait for wiry soft-spoken Immortan Joe.