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avatar of @vimukthi
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2 years ago - 1 minutes read

Media created a very distorted image. their coverage of the events will only be outdone by the likes of state media of Stalin's Russia or Hitler's Germany. Michael Burry was betting on Gamestop ages before WallStreetBets started doing their thing.

What I don't understand is how the big funds thought that shorting more than the entire supply of a stock was a good idea in any way.

It is just insanity coupled with greed. You don't need to be a genius to see a short squeeze coming.

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