Why is this so?
There has been a tug of war between two parties.
Large companies known as hedge funds versus retail investors led by wallstreetbets, a group on Reddit.
The last few days have been buzzing in the financial market.
Gamestop. AMC. Short squeeze.
Those words have trended on social media in the last few days. Here’s what's been going down.
THREAD
Why is this so?
There has been a tug of war between two parties.
Large companies known as hedge funds versus retail investors led by wallstreetbets, a group on Reddit.
Shorting, in essence, is a bet that the price of a stock will dip.
So, you borrow the stock, sell it, buy it back at a lower price and then return it to the lender.
It struggled for a while.
So you would expect the price to dip, right?
So, they decided to buy up the stock, which pushed the price high.
In the last few days, the stock has done over 300%
The increase in share price leaves the short sellers in a tight spot.
They either have to put up some money or buy the stock to cover their position
Melvin Group, a hedge fund,had to close its position—it made a big bet, but got squeezed as the price went higher.
Many investors piled in the stock yesterday.
Things got heated and many trading platforms had outages.
Some folk also sold their cryptocurrency holdings to get in the game.
People speculate all the time but the massive rally has had them also wary.
You can sell down or exit but you can't buy more.
Now, where will this end?
Who do you think will win?
The hedge funds or the wallstreetbet crew?
Should I get in?
You can liken this to a battle between elephants and ants.
The hedge funds have deep pockets and may be willing to wait it out (even though in the short term, the losses are quite steep).
That, in turn, has drawn people speculating into the stock.
The wallstreetbet camp has also moved into Dogecoin, a cryptocurrency, and pushed it up by nearly 60% in the last 24 hours.
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(Full Link: https://t.co/zixs1HazLk)
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His arrogance and ambition prohibit any allegiance to morality or character.
Thus far, his plan to seize the presidency has fallen into place.
An explanation in photographs.
🧵
Joshua grew up in the next town over from mine, in Lexington, Missouri. A a teenager he wrote a column for the local paper, where he perfected his political condescension.
2/
By the time he reached high-school, however, he attended an elite private high-school 60 miles away in Kansas City.
This is a piece of his history he works to erase as he builds up his counterfeit image as a rural farm boy from a small town who grew up farming.
3/
After graduating from Rockhurst High School, he attended Stanford University where he wrote for the Stanford Review--a libertarian publication founded by Peter Thiel..
4/
(Full Link: https://t.co/zixs1HazLk)
Hawley's writing during his early 20s reveals that he wished for the curriculum at Stanford and other "liberal institutions" to change and to incorporate more conservative moral values.
This led him to create the "Freedom Forum."
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In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
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— Sarah Frier (@sarahfrier) November 15, 2018
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
