Let's just assume that there are 100 shares of GameStop (worldwide) and go from there. Let's assume that the price per share/stock before all of this was $100 (in a "good" economy, etc.). How would this all work?
A nice timeline, step by step, line by line would be nice. For ex:
-
Stock is selling at $100 per share (100 shares total). June 20XX
-
Economy starts tanking, stock now at $95 per share. August 20XX
-
People start predicting that it will go down further, thus they start "betting" (insert definitions that are accessible and not jargony), etc.
^ something like that would be nice. Thanks!
everyone buying the stock today is contributing to the price going higher. The price going higher fucks the short sellers since they bet it would go lower, and will be forced to buy shares at market price to payback what they borrowed