Business
GameStop: No winners in sharemarket debacle – Sydney Morning Herald
A Quixotic effort to manipulate the share price of an obscure US retail chain has been hailed by some as a victory against capitalism but popular anger against…
As a result, the hedge funds lost their bet. They had to buy new shares at vastly inflated prices to give them back to the investors they had borrowed them from.
The crowd funders of GameStop are claiming a great victory against the short-sellers and the dark forces of capitalism.
Some left-wing theorists associated with the Occupy Wall Street movement of a few years ago say the practice of short-selling is disruptive because companies that are under attack by short-sellers often slash costs and…
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