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Started by Luca Pietro
The discussion focuses on the 2021 surge in GameStop's stock price and the mechanics behind it. The core of the debate centers on whether the price movement was primarily driven by a short squeeze resulting from retail investor activity against heavy short positions.
So today I want to explain to those who may not understand in detail what happened to GameStop in 2021. So GameStop, obviously they're a company, they sell video games. They have a bunch of locations across the United States. They sell video games, consoles, uh video game accessories, all that sort of stuff. And so what happened with their stock is in within one week, the stock went up a ridiculous percentage. And that's because a lot of people were short selling the stock. And if you want to know a little bit about short selling, you have the lender who could be a mutual fund or some other…