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“This Is A Financial Revolution. . .” by Simon Black

So these funds shorted the stock in a huge (and dubious) way, selling more shares of the company than were actually in existence. And a number of small investors saw these questionable short positions and said, ‘Enough is enough. We’re tired of hedge funds exploiting the market.’ So they’ve banded together and bid up the price of GameStop’s stock to absolutely epic levels. GME’s stock price is up from $17 earlier this month, $347 at yesterday’s close, all from these small investors. And as a result, the hedge funds who shorted GameStop have extreme losses.

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