Like, maybe some failson at a hedge fund will take the fall for this and get hired in the same position somewhere else within a month, but the people who are going to get hurt the most are the poor people who come in last minute, think they're making a safe bet with their meager savings during a fucking depression, and get burned big time
The price is going up partially because WSB is buying shares up and partially because short sellers are covering their shorts right now. Once that's over, who's going to buy the GME shares for anything more than $20? Other WSBs. People that know the party is over will start ducking out. That may already be happening. More people will duck out. Then the panic will begin.
This is the short sellers and WSB transferring money to people that owned GME shares because they believed the shares were reasonably priced on a decent company. This is largely not a working class demographic.
You might make a bunch of money doing this, but only if someone just like you buys the shares from you for a ridiculous price right before it collapses. It may actually be you. Some simply have to lose a ton of money for this to work.
Don't throw any money you wouldn't miss at this.