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📺 8 money & investing shows for the summer

Australian Finance Podcast

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What's Up With the GameStop Saga?

GameStop was a COVID stock. It's a company that GameStop was like EB Games here in Australia. A Redditor on Reddit figured out that heaps of short sellers, so people that are betting against the company were selling against it. The only way to stop that from spiraling under control is to buy the shares. But what it also meant was that there wasn't that many shares left on the market. So it only took a few people to buying the shares to push up the share price and make the people that were betting against it lose money.

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