This is undoubtedly a sticky-worthy happening. Overview:
Louis Rossmann: Why MSM's slander of /r/wallstreetbets pisses me off regarding GME
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I'm very confused what's going on? Call someone break it down to me in laymen terms? Ty
Rich people shorted Gamestop because they were mainly in malls which are shutdown due to COVID. So Gamestop future is very sad.
People saw that and decided to buy all the gamestop stock and the rich billionaires bet it was going down. Now the rich people are losing billions of dollars. So the Biden admin stepped is to protect the billionaires which caused the average American middle class guy to lose a lot of money.
So I'm pretty bad with money. What could be the overall impact of this whole gamestop stock situation?
The rich people put in place restrictions to prevent the masses from doing this sort of thing again.
The rich people try to keep it a secret now when they are shorting a company before they go bankrupt so the rich people profit off another company closing its doors.
People move to crypto.