Unless you were living under a rock this week, you probably know there was a significant event involving hedge funds, Reddit, and Gamestop. 🤯
It’s an ongoing story, and I won’t even begin to try to explain it, but Ian Welsh has an opinionated overview, and so does Akash Painuly with this tweet. Akash gets right to explaining what a short trade is if you’re not familiar with the concept.
Read this tweet from Josh Gross for the backstory — it goes back about a year! 🐦