The internet swelled this week with the drama going on between Wall Street hedge funds and Reddit users over GameStop stock.
Short-term pressure, which is a rapid rise in stock price due to technical factors in the market instead of fundamentals, led to a 500% rise in the stock price of the game vendor over several weeks, reaching an all-time high. high intraday time of nearly $ 500 as of January 28, causing a huge loss for short sellers. The rush to cover these posts only added to the higher price. Part of this impact was due to the fact that small investors had been hoarding within the Reddit community r / wallstreetbets, with some aiming to do just as much financial damage to large financial institutions. according to CNN, Tesla CEO Elon Musk appeared to join the pile with a tweet that sent GameStop shares going above and beyond. He said one word – “Gamestonk !!” – is all it took to build a popular Reddit page that has been generating most of the hype around the stock. Gamsetop is now valued at $ 33.7 billion, more than many companies in the S&P 500.
Sound upset? Yeah we think so too. Fortunately, Margot can break Robbie down. As many people tried to move through the complexity of the situation, some found help through relapse. The Great Short. Featuring Steve Carrell, Brad Pitt, and Ryan Gosling, the 2015 film is made up of three separate but simultaneous stories, closely linked to what they did in the years leading up to the 2007 housing market crash. drama, which won an Oscar for best adapted screenplay, is famous for the unconventional ways it uses to interpret financial instruments that break the fourth wall to concepts such as subprime mortgages and accumulated debt obligations. defined as a meta-reference.
In one memorable scene, Robbie makes a cameo like herself explaining why so many people wanted these new mortgage bonds, why things started to go wrong and the explanation behind “shorting” and subprime loans. Speaking directly to the audience, Aussie beauty breaks down those terms into being so simple for all from the confrontation of her pool with a glass of bubbly in her hand.
Shout out to the film, The Great Short, maybe that’s the whole reason this whole GameStop thing makes sense to me. ” share one Twitter user. ‘Y’all wants to make fun of me for collecting so many DVDs but I found T.he Big Short for $ 5 recently and I watched it 3 times last week so I understood what was going on today. ”
Another Twitter user who was doing a poll to find out if others know how a short sale works: ‘I looked The Great Short and Margot Robbie in a bathtub explained it to me. ”
And Margot saves the day!