GameStop stock went from under $20 to over $300 in just days. A huge hedge fund was shorting the stock betting that it would go down. A bunch of Wall Street Bets guys decided to all buy the stock to hurt thee hedge fund. Millions of dollars worth of stock was bought which pushed the stock price through the roof. The hedge fund now owed banks Billions of dollars which forced them and the banks to buy the stock to cover the losses of the stock they shorted. This caused the stock to skyrocket even higher.
One kid had $50,000 dollars in GameStop from a year ago that overnight became worth over 20 million dollars. On Wednesday there was a point where it was worth over 40 million dollars.
The stock may continue to go up until Friday, but it may go back down now that the ones who caused the stock to go up were kicked off reddit and have no way of communicating
Shmueli Ungar NEW Hit Single | B’karov Mamash 
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