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Just came across this today and by the time I was able to get there WSB sub reddit was made private.
What I understood so far: "A group of traders (for arguments sake lets assume they were all average retail traders) got together to drive stock against a hedge fund".
This is by no means a small thing
Can the people here who are in the know, shine some light on the incident and if possible far reaching effect it may have on trading industry?
Can you help answer these questions from other members on NexusFi?
Looking for this stock to continue to take a beating, as video game sales continue to decline, and as next gen consoles push to eliminate used game sales.
Mike
EDIT: JANUARY 2021
Thread title changed to expand to all WallStreetBets discu …
If there is an intent to cover some other, wider aspect of this developing situation I might be willing to change my mind, but as of now I think this thread would just be creating a split topic, and so I am closing it.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
