Allow Big Investors News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Allow big investors. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Allow Big Investors Today - Breaking & Trending Today

The Elites Move to Save the Hedge Funders from Reddit, and People Have Thoughts

AP Photo/Richard Drew
If there was ever an episode that thoroughly exposed our financial system as a rigged game, this is it. As I wrote earlier today, some Reddit trolls decided to beat Wall Street at their own game (see Reddit Trolls Beat the Stock Market, and the Elites are Really, Really Upset). GameStop stock had been shorted at 140% in an effort to see the company crushed for the profit of the hedge funds. That’s when a Reddit board decided to fight back. They mobilized and drove up the price of the stock causing the hedge funders to absorb their losses on the other side instead of cashing out with big gains like they had planned. ....

Austin Petersen , Wall Street , Reddit Trolls Beat , Stock Market , Really Upset , Allow Big Investors , Recalibrate Their Position , Combat Reddit Users , Greg Price , Bridget Phetasy , Spike Cohen , Hedge Fund , ஆஸ்டின் பீட்டர்சன் , சுவர் தெரு , ஸ்டாக் சந்தை , ரியலீ வருத்தம் , அனுமதி பெரியது முதலீட்டாளர்கள் , கிரெக் ப்ரைஸ் , ஸ்பைக் கோஹன் , ஹெட்ஜ் நிதி ,

We Witnessed a Financial 'Storming of the Bastille' on Wall Street This Week by Matt Vespa

[SEE UPDATE BELOW]
Harrison is a good friend of the Triggered Podcast and his tweet pretty much sums what’s happening on Wall Street: “Populism is contagious.” Yes, a few smart randos on a Reddit thread, ‘wallstreetbets,’ decided to exercise their right to free speech and only boost the stock price of GameStop through the roof. It cost hedge fund firms, who were trying to keep the price low, tons of money billions of dollars were just roasted. If you need a visual comparison, think the Joker lighting that mountain of money on fire in The Dark Knight. Some hedge funds got wiped out. I have another media reference for what’s happening sort of and it centers on the ending of Trading Places with Dan Ackroyd and Eddie Murphy manipulating the market of frozen concentrate orange juice. It’s that scene, but in reverse and yes, those margin calls can be quite steep. They have been quite steep. As a Mets fan, I know new owner Steve Cohen, who serves as the basis for the ch ....

United States , Jesse Singal , Stephenl Miller , Dave Portnoy , Beverly Hallberg Beverlyhallberg , Harrison Dunn , Michael Tracey , Ben Patte , Dan Ackroyd , Eddie Murphy , Stonks Amcpic , Steve Cohen , Ted Cruz , Holden Drewholden , Sen Dianne Feinstein , Triggered Podcast , Wall Street , Trading Places , Bobby Axelrod , Huntington Beach , Wall Street Bets , Between Tuesday , Allow Big Investors , Recalibrate Their Position , Combat Reddit Users , Barstool Sports ,