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White House ‘monitoring’ GameStop share surge as US hedge fund pulls out
Love this stuff
For those completely unaware
>Hedge funds get together and conspire to crash Gamestop stock price so they can make some money
>Borrow money to try to fuck over the stock with contractual obligation to buy the stock later
>Reddit and the 4chan investment boards hear about this
>Buy gamestop shares en masse, driving up the price
>Price went from basically nothing to several hundreds of dollars
>Rich people lose billions gambling on the stock market
>Whine and complain, asking for investigations and bans from the stock market, everything from 'financial terrorism' and 'legalized robbery' was said. Asking for new rules about who is allowed to trade stocks at all
>Meanwhile, the people involved in this are selling off stock that was previously completely worthless to pay for their debts and medical expenses