The Reddit army has destroyed $3.7 TRILLION in global market cap this week, equal to the GDP of Germany, as the Hedge Fund short squeeze creates contagion. Hedge Funds had to sell their long positions to fund their losses from short activities. - Conspiracies

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The Reddit army has destroyed $3.7 TRILLION in global market cap this week, equal to the GDP of Germany, as the Hedge Fund short squeeze creates contagion. Hedge Funds had to sell their long positions to fund their losses from short activities. (nitter.net)

posted 5 years ago by axolotl_peyotl 5 years ago by axolotl_peyotl +60 / -0

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– axolotl_peyotl [S] 19 points 5 years ago +19 / -0

Retail is not destroying the global market cap - hedge funds that are naked shorting are destroying the global market cap. It just took a "Reddit army" to raise awareness of the manipulation that was going on.

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