In January 2021, a short squeeze of GameStop stock and other securities took place on various stock exchanges, causing major financial consequences for certain hedge funds. The short squeeze increased the stock price of GameStop, a video game retailer, almost 190 times from its record low, hitting a high of nearly $500 per share on January 28, 2021, and causing large losses for short sellers. Approximately 140% of GameStop shares had been sold short, and the rush to buy shares to cover these positions as the price rose only further increased it. The short squeeze was initially triggered by users of the forum r/wallstreetbets on Reddit through commission-free trading apps such as Robinhood.
Feb 4 2021
Where are the GME shares?
Jordan Belfort real "Wolf of Wall Street"... we ain't leaving
Jan 29 2021
As of stock market opening January 29, the squeeze has not been squoze.
GME shorts have not begun to close their positions in substantial numbers.
Robinhood seeks a Federal Affairs Manager based in Washington D.C. to focus on federal advocacy and government affairs related to legislative and regulatory matters.
Famed GameStop bull 'Roaring Kitty' is a Massachusetts financial advisor
Jan 28 2021
Google salvaged Robinhood’s one-star rating by deleting nearly 100,000 negative reviews
Robinhood Halts GameStop Trading, Angering Lawmakers And Investors
Jan 27 2021
Anarchy, in-jokes and trolling: the GameStop fiasco is 4chan-think in action
Jan 26 2021
Never forget: Wall Streeters looking down on Occupy Wall St. protesters, 2008.
If you're out of the loop - this is the (hilarious) story of a subreddit (wall street bets) taking down a multi-billion dollar hedge fund... get your popcorn ready...
Where it started: WallStreetBets subreddit community