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156 | Ben Mezrich: How the GameStop Short Squeeze Brought Wall Street to Its Knees

The Realignment

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The Problem With Shorting a Stock

A hundred and forty per cent of gamestop's float was shorted, meaning more shares than existed were short. The stock went up so fast that for a moment, gamestock was the most valuable company in the world. At one point, i think it was up to nine million people were on wall street bets,. They had put, you know, billions of dollars into pushing this, this stock up, um, and all of these stocks up. Melvone capital realized what was happening. And elon musk sees his animosity toward short sellers as personal thing A. He sees it as wrong as un betanly american. And so he just tweed game and

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