GameStop, Robinhood, & Reddit
CaseInterview.com
FEBRUARY 4, 2021
In this case, they “borrow” a share of stock, they sell the stock first, and to pay back the loan, they return the share (that they recently bought — ideally, at a lower price than they sold it). Well… in this case, it was not. The price goes up and, in some cases, skyrockets. Wait, how can this be possible? It was crazy.
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