Nautica Williams still doesn t understand why her father died on March 25, 2017, shot after an argument at the auto-repair shop where he worked. She doesn t understand why he was
Photo: Michael M. Santiago/Getty Images
American stock markets are in a lather. Little-guy investors are supposedly cratering billion-dollar hedge funds. Reddit,social media, and now Elon Musk are involved. And somehow, this is all for GameStop, the beleaguered video games retailer notorious for giving gamers pennies on the dollar for their used software.
It’s very hard to recap what is going on with GME, the ticker symbol that has become a hashtag, because the news in a volatile stock market changes instant to instant. We’ll try anyway. The most important thing to understand about GameStop and short selling is that this is now a very high-stakes gambling table with theoretically infinite losses that, for some big players, are becoming very real.
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