Redditors made investors & Wall Street hedge funds betting against GameStop lose S$8 billion, explained

Link: https://mothership.sg/2021/01/gamestop-hedge-fund-shorting-explainer/

"Why did these Redditors do such a thing?

So why would this group of Redditors come together and do something that might even cause them to lose money (when GameStop's share price drops)?

An analyst told the BBC that he believes this battle is personal, that these group of average Joes hate hedge funds and are "hell-bent on taking on Wall Street".

"It's a generational fight, redistributive and all about robbing the rich to give to the millennial 'poor'," he opined."

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