They were talking about it on Warroom just now, that’s last segment of the evening show.
Hedge funds had shorts. Bunch of reddit gamers bought the stock, pushed the price back up, Hedge funds can’t close their positions with the prices up… Good for the company, they now have a bunch of equity, might be able to get on their feet again.
But, hedge funds not happy other people are now making money and playing in their play pen. There’sxtalk of suspending trading on some stocks. Maybe SEC/Fed investigation re organised buying (don’t know anything about those laws so ). They’re worried Redditors might look for other shorted stock
Biden & co haven’t a clue what to do apparently - they just called up a contact at Jeff Sprecher’s office (NYSE?) to explain and they still don’t get it.