>>12025947The hedge funds banked on GameStop going bankrupt so they shorted a whole bunch of stock thinking that they wouldn't have to pay it back when the company went under. People got winded this and bought up lots of GameStop stock knowing that these shorts expire (92% of them anyway) on Fri/1/29. Now the market is in a frenzy trying to get everyone to sell sell sell sell but people have no reason to. And now they're forced to buy back stock at whatever price the stock holders theme Fair. It has nothing to do with valuation of the company, but everything to do with how much value the actual shareholders feel the stock is worth. It's going to be glorious.
