a 'short' is walstreetese for "wager to fail"; it's literally a wager. it's a little more complicated than that, with a contractual obligation to buy something later at today's price, but that's basically it. and also everyone's the bookie except the odds are weighted towards the players instead of the house because it's wall street not vegas and they don't have to be quite as scrupulous because there's no gaming comission to step on their shit if they cheat too blatantly.
anyway, they bet on how other people would bet and then r/WSB said "LOL fuck you we're gonna do the opposite lets make this work" and did and some rich people lost at a particularly shady game of roulette. or more like poker where you can see everybody's cards at all times.
theoretically, but if that got out, they would get stepped on because capitol would band together to put it down. this can only happen once in a blue moon without the oligarchs uniting or just declaring that the people lose by fiat. or get bailed out. or whatever. this mostly worked because nobody actually believed it would.
a 'short' is walstreetese for "wager to fail"; it's literally a wager. it's a little more complicated than that, with a contractual obligation to buy something later at today's price, but that's basically it. and also everyone's the bookie except the odds are weighted towards the players instead of the house because it's wall street not vegas and they don't have to be quite as scrupulous because there's no gaming comission to step on their shit if they cheat too blatantly.
anyway, they bet on how other people would bet and then r/WSB said "LOL fuck you we're gonna do the opposite lets make this work" and did and some rich people lost at a particularly shady game of roulette. or more like poker where you can see everybody's cards at all times.
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theoretically, but if that got out, they would get stepped on because capitol would band together to put it down. this can only happen once in a blue moon without the oligarchs uniting or just declaring that the people lose by fiat. or get bailed out. or whatever. this mostly worked because nobody actually believed it would.
Depends on the float -- how many shares are circulating -- some stocks have billions of shares, and how many shares the short sellers are shorting.
If they are shorting more than the float than this can happen.