Stock market faces worst week since October as hedge funds face $19bn losses over GameStop share rally

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The market faced its worst week since October, but GameStop’s stock closed 131 per cent higher for the day

The Independent would like to keep you informed about offers, events and updates by email, please tick the box if you would like to be contactedOther lawmakers joined the fray on Friday, including Senator Elizabeth Warren and Congresswoman Ilhan Omar.

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Good.

Meh, the stock market only really punishes the rich. Fuck them. And if they try to punish us we will hit their wallets harder and make them realise that they are not special. Hell, some of them may even be human and not locusts or leeches after all. BurnTheCity

“Ms Warren” ffs.

Literally no sympathy from 7 billion people

🚀🚀🚀🚀🚀

One has to wonder as to where exactly were those DRUNK HIGHLY PAID useless ANALysts that work for these hedge were when this CHAOS unfolded

FUCK those HEDGE FUNDS. GET A REAL JOB. PICK YOURSELF UP BY THE BOOTSTRAPS. CONTRIBUTE TO SOCIETY LIKE THE REST OF US INSTEAD OF TAKING MONEY FROM THE LITTLE MAN EVERY SINGLE DAY IN THE MARKETS.

GameStop faded all day. If you’re watching from the sidelines, it might might not be too late to get in

Serves them right for heaping more misery on an already faltering brand. Short selling 130% of the stocks and getting caught out is nothing but their own fault. Never mind, they'll just have to sell a few boats.

👍👍👍👍

game over

😂

A bit more than 17 Billion!

So the greedy f**kers get done over & the public are happy. Surely that's a win win?

I like to see the greedy rich lose.

Only since October, no big deal

😂😂😂😂

Please tell us JRM was one of them.

Maybe they should consider budgeting. Or just pull themselves up by the bootstraps. Maybe give up their $5 lattes.

Good

Damn, I think I'm gunna cry.

GOOD!

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GameStop share surge sparks concerns; global stock markets slide again – business liveUS regulator ‘monitoring’ dizzying share price rise, as Apple and Facebook beat forecasts and Tesla misses profit estimates How are things with the capitol now? 'concerns' lmfao i bet it did Concerned that the billionaires lost to regular people for a change..
Source: The Guardian - 🏆 84. / 53 Read more »

Alexis Ohanian says GameStop stock market war is ‘seminal moment’ for financeMr Ohanian says the GameStop short squeeze is simply the latest in internet communities disrupting the status quo Oh no not the status quo!!!! How will they be able to afford their 3rd yacht? 🚀🚀🚀🚀🚀🚀
Source: The Independent - 🏆 80. / 59 Read more »