i have no idea what is going on in reality with GME, all i know is that the attention span of the general public is way shorter than hedge funds on wallstreet.
The companies that initially shorted GameStop and were burned by WSB closed their shorts and withdrawn several days ago.<p>Those hedge funds that came after and took WSB into account are going to make incredible profits.<p>It's still unclear to me how much retail investors in WSB have to do with this. There are reports that there buys and sells from retail investors match more or less. It might be just Wall Street sharks going after each other.
And Robinhood has opened up GME buying to 30 shares per account. Looks like their restrictions weren’t that significant in the grand scheme after all.<p>You know what was significant? Options expirations day was Friday. GME has lost virtually all its momentum since then.
It's probably over. However, if it's really over that would imply that there are lots of hedgefunds that had massive gains. Short selling from $300 to $95 is quite the profit. Is there any evidence of hedge funds raking in massive profits?