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by keeganpoppen 1964 days ago
that's what i've been thinking about too-- at what point is it economically expedient for GameStop to sell shares directly to the shorts to bail them out? doesn't seem much weirder than all the credit default swap silliness that's happened for the past few years.
1 comments

they cannot just make whatever stocks they want up. they are limited there on the number they can emit. plus, not sure if they get to choose who gets to buy the shares.

also, why would gamestop bail out the same people that wanted to drive it into the ground?

So they benefit. It’s stock is up, but that doesn’t help their business.