In early 2021, ordinary investors caused major waves in the stock market during the infamous gamestop short squat. Now, the story behind that incident is being told in the new documentary, Gamestop: Rise of playersIt is an attractive look on a wall street play with hedge funds costs billions and a handful of people have been very rich. However, not everyone was the winner in this story.
To understand what was happening, it is important to know that low sales are a very common stock market exercise. Large investors typically make an arrangement with a lender to borrow a stock shares and sell them to other buyers. Investors still have to return the stock that they borrowed, but the key to the game is able to buy the stock back at a low price to earn a significant advantage. Essentially, they are betting against the company and expecting it to lose price. However, the underlying risk is that small sellers are unsafe for stock price variations. If the price increases, they may lose a lot of money when it comes time to repay the lender he borrowed from shares.
Has been painted in Players rise The trailer, some armchairs realized the ability to quickly rich. Even more importantly, he believed that two latest video games console, Playstation 5 and Xbox Series X had incredibly evaluated. In addition, there was also an undisputed urge to stick the stock prices to the rich investors by running uncertain high levels. Thanks to the social media network, he managed to scare Wall Street quite. It also attracted Congress attention And fan captured the imagination of investors. And thus, the first meme stock was born.
Unfortunately, not everyone got a pleasant end in this story. It is true that some early buyers were able to sell their gamestop stocks when prices were still high. However, late investors who continued the gamestop stock, as prices fell on Earth, who had lost a big money deal themselves. Hedge funds and billionaires can usually face those financial failures. But for average people with minor savings, it is completely disastrous.
Jona directed Gamestop: Rise of playersWhom Blake J. Was manufactured by Harris and mistrusted by Neon's Super Limited. The documentary is now a select number of theaters across the country.
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