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If you're baffled by terms like “short squeeze” and “pump and dump” - then think of this as a massive stock market gambling frenzy, pitting amateur traders against Wall Street professionals. (Subscribe: https://bit.ly/C4_News_Subscribe)
Users of the social media site Reddit managed to push up the price of a loss making video games retailer called GameStop.
It has left hedge fund borrowers, who had essentially been betting against the firm's success, facing billions of dollars in losses.
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Users of the social media site Reddit managed to push up the price of a loss making video games retailer called GameStop.
It has left hedge fund borrowers, who had essentially been betting against the firm's success, facing billions of dollars in losses.
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Follow us on Instagram - https://www.instagram.com/Channel4News
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