Portland Sheriff
Well-Known Member
Pretty sure you mean hedge funds. Not many mutual funds would short anything, let alone short more than 100% of the total float.I am not sure how much news like this reaches Australia, but that insane subreddit has cost Mutual Funds here in the US over 70 billion dollars in the past week
This is gonna be the biggest US financial scandal at least since Enron, and maybe much bigger in terms of the outright, naked corruption and power play that led to Robinhood (and others) halting trading on Game Stop.