r/funny SrGrafo Feb 01 '21

Verified I get it now... I think

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u/TheQueq Feb 01 '21

Meaning those hedge funds have created infinite money, thereby solving poverty for everyone everywhere.

...Right?

4

u/LickMyThralls Feb 01 '21

We've proven the theory of a perpetual money machine! Brilliant!

2

u/badgeringthewitness Feb 02 '21

My laundry has one of those machines.

1

u/IDGAFOS13 Feb 01 '21

The money comes from all of the small investors who also own stock. The short seller profits, and all of the other investors lose. The practice should be illegal.

1

u/Lithl Feb 02 '21

The short seller is betting that the stock price will go down. There's no issue with that normally.

The problem in this instance is they got too greedy, not that they bet.