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WallStreetBets GameStop Short Squeeze - “Wealth does trickle down, you just have to make them bleed first.”

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Zi Teng Wang 6 hrs · O Have you heard what's happening in the stock market right now? Wall Street hedge funds shorted GameStop stock, expecting to make an easy buck out of the video game retailer's decline. Redditors on /r/Wallstreetbets made a whole meme culture out of buying up the stock to drive its price up, and over the past few weeks its value has gone from single digit dollars to three digits and climbing. The hedge funds have lost billions of dollars and stand to lose billions more, while small-time investors and marginalized people who bet their life savings are walking away with life-changing money. Millennials are crowdsourcing the biggest short squeeze in recent history and Wall Street Boomers are getting massacred. It turns out that wealth does trickle down, you just have to make them bleed first. O Like Comment Share 443

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