One day, all the small investors in the world will unite against the whales in the crypto industry, like WallStreetBets on social media platform Reddit. When that day comes, whales will look for holes to escape.
“The Power of Reddit and the WallStreetBets Movement Reddit is a social media platform where users gather in groups based on their interests. A group called "WallStreetBets" started a movement to increase the value of GameStop shares. This move encouraged retail investors to buy GameStop shares. Thousands of individual investors participated in this movement, causing share prices to rise rapidly.
The Plight of Large Funds: As Reddit users bought GameStop shares, share prices rose rapidly. This situation left short-selling investment funds in a difficult situation. “These funds were forced to buy back the shares at a higher price, resulting in losses worth billions of dollars.”
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