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The collective "pump and dump": GameStop and others [View all]
I'm no expert on the stock market, but I understand that these insane price increases are being caused by many nameless investors acting together to drive up the price of certain companies' stocks and then profit off of them. I am happy to be corrected if I'm wrong.
I sure hope the SEC etc is looking into this. As far as I can tell, there's no relation to reality as to how these stocks' prices are increasing by so much and so quickly except for investors who got in early and at low prices pumping the stocks to irrationally high valuations.
https://www.marketwatch.com/story/here-are-some-of-the-other-stocks-seeing-gamestop-like-short-squeezes-11611687693
21 replies
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