90% of those redditors (maybe 99%) will loose a lot of money.
Sure some Wall Street hedge funds are loosing a ton of money, but most of this money is just going to other hedge funds, that were on the other side of the trade.
The stock will go back to around 10$ when this is all over (soon) - and only a few redditors will be able to actually realize their gains.
That being said, I like this situation. It's a gentle reminder that the stock market is a risky and (way too) complex thing.
90% of those redditors (maybe 99%) will loose a lot of money.
Sure some Wall Street hedge funds are loosing a ton of money, but most of this money is just going to other hedge funds, that were on the other side of the trade.
The stock will go back to around 10$ when this is all over (soon) - and only a few redditors will be able to actually realize their gains.
That being said, I like this situation. It's a gentle reminder that the stock market is a risky and (way too) complex thing.