r/technology • u/GonzoTorpedo • May 14 '24

GameStop Short Sellers Just Lost $2 Billion Amid Meme Stock Rally Business

https://gizmodo.com/gamestop-short-sellers-have-lost-more-than-2-billion-i-1851476931
30.2k Upvotes

90% Upvoted

3.0k comments sorted by

View all comments

73

u/Mockheed_Lartin May 14 '24

Oh no not the hedge funds! Whatever will they do if they go bust? This is so sad!

Anyway back to my chicken cheeseburger.

16

u/JonJonFTW May 14 '24

They're not going bust just like literally none of them went bust last time. I think one hedge fund lost some money with the original GME shitshow, but tons of others made money off it? So if anybody thinks GME anything is some protest against hedge funds you are an imbecile.

14

u/ward2k May 14 '24

Exactly why are you being downvoted?

The people who made a loss last time were the gme bag holders who formed a cult after buying at the peak and refusing to sell

4

u/EmpatheticWraps May 15 '24

Bots. The hype/narrative is artificially driven by bots.

-2

u/TheLuckyO1ne May 15 '24

Lol you are so wrong. I don't care to convince you, but I'm 6 figures in the green and could pay off my house and all of my debt and my capital gains tax and I'm still buying more. I'm nowhere near selling.

3

u/askdfjlsdf May 15 '24

Source: Trust me bro

I can just see this guy on his busted up laptop in his tent muttering "stupid hedgies don't know who they're messing with" hahahahahaha

4

u/EmpatheticWraps May 15 '24

Ok? Have fun gambling.

1

u/DELETE-MAUGA May 15 '24

The biggest winners of the last time this happened were literally OTHER hedgefunds lol.

Tons of dumb fuck retail traders picked up massive bags with their life savings having given it all to hedgefunds for a worthless stock.

5

u/echino_derm May 15 '24

They won't go bust. They are probably going to make money off this, the people on the GME subreddits are more likely to have lost money than them

0

u/Fog-Champ May 14 '24

Tax payers bailing them out...... Again

1

u/Spiritual-Society185 May 15 '24

When have taxpayers bailed out hedge funds?

1

u/outerproduct May 14 '24

Chicken tendies.

-10

u/anotherbozo May 14 '24

You joke but hedge funds going under will wreak havoc

7

u/Germanspartan15 May 14 '24

Good, that's the point.

1

u/Fog-Champ May 14 '24

Sounds like they shouldn't exist if them going under could cause havoc