Reddit is pumping GameStop\u2019s share price into the stratosphere and opposing Wall Street. Parallels to Bitcoin\u2019s meme culture can also be discovered.Anyone who thought things would return to normal in 2021 was wrong. Because despite the economic crisis, the financial markets are turning completely free. This financial January, wild in many ways, reached its preliminary climax in the battle between David and Goliath. Of course, there is talk of a coordinated short squeeze by users of the Reddit image board. What happened there and why the process is also interesting for Bitcoin investors.At the center of the Causa, Reddit Short Squeeze is an actually rather inconspicuous company: GameStop. The computer game retailer has had a tough time. After all, cloud-based gaming threatens to end the business model. The corona-related lockdowns and the associated shop closings hit the seller twice as hard and the sword of Damocles of bankruptcy has been hanging over GameStop for some time.This trend has not escaped Wall Street, or rather Melvin Capital, a well-known US wealth manager. The finance manager went short \u2014 but really. Basically, Melvin Capital was betting on the total ruin of GameStop (NYSE: GME) with the intention of filling its pockets in the process.So-called short sales make this possible. Behind this is the practice of throwing borrowed shares on the market and buying them back at a later date, and returning them to the broker who originally lent the shares. If the price falls between these two actions, shortsellers make a profit.The short orgy was spurred on by Citron Research, a well-known stock market paper from the USA, and Andrew Left, one of its authors, who is also one of the country\u2019s best-known shortsellers. Left had caused quite a stir last week with a sell recommendation for GameStop shares. Probably also because,\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Reddit is pumping GameStop\u2019s share price into the stratosphere and opposing Wall Street. Parallels to Bitcoin\u2019s meme culture can also be discovered.Anyone who thought things would [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3366"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=3366"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/3366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=3366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=3366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=3366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}