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Nice!!
(lemmy.world)
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this post was submitted on 22 Nov 2023
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The PPShow
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What is this community!? It just randomly appeared in my feed and I have no idea what this is lmao
it's a weird one but behind all of the smoke and mirrors, it's a group of investors who are closely following the Bed Bath & Beyond (BBBY) bankruptcy.
We've been watching as hedge funds have conjured up billions of shares (many more than actually exist) and sold them all to drive the price down. This (illegal) practice is called naked shorting, and it's how a popular household name has been forced into bankruptcy.
Still, bankruptcy is a process and the story's not over yet.
Huh, interesting.
You may find some interest in https://WhyDRS.org and https://marketliteracy.org.
Basically a group of people who invest in Ryan Cohen ($GME and $BBBYQ and Teddy) and Carl Icahn ($IEP). Look for theppshow on Youtube.