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View submission: Keith Gill (u/DeepFuckingValue) and The Gamestop Saga
A magnificent time on reddit indeed, I am so happy to have been a part of it. It is worth noting that due to the mathematically impossible short interest (significantly more shares had been sold short than existed), which deserves a post on it's own, this event could have actually brought down the US stock market, which is why the powers that be stepped in to restrict buying. Even with this emergency measure, reddit and DFV cost hedge funds something like $6 billion in losses, and the major market maker had to bail out a major hedge fund to prop up the entire market.
There's nothing here!