3 upvotes, 3 direct replies (showing 3)
View submission: Keith Gill (u/DeepFuckingValue) and The Gamestop Saga
The share price plummeted from the market manipulation
Who manipulated the market? Hopefully nobody says robinhood
Comment by moranya1 at 02/04/2023 at 23:37 UTC
6 upvotes, 0 direct replies
"they"
Comment by herbivorousanimist at 02/04/2023 at 23:35 UTC
3 upvotes, 1 direct replies
Gary Gensler has all but confirmed it.
https://www.sec.gov/newsroom/market-structure-proposals-december-2022
Comment by GeneralVincent at 03/04/2023 at 00:39 UTC
1 upvotes, 0 direct replies
https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/[1][2]
1: https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/
2: https://prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/
Many believe certain short sellers, such as large hedge funds like citadel, were naked short selling which is bad.
So then when share prices dropped, or someone said something bad about gme, it was easy to think it was a big hedge fund manipulating the market. Personally I think it was partly true and partly paranoia.