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Nice!! (lemmy.world)
submitted 10 months ago by [email protected] to c/[email protected]

This will be good for lots of DD we shall prevail my PPs. We have been silenced but we will roar!!

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[-] [email protected] 3 points 10 months ago

What is this community!? It just randomly appeared in my feed and I have no idea what this is lmao

[-] [email protected] 5 points 10 months ago

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.

[-] [email protected] 3 points 10 months ago
[-] [email protected] 2 points 10 months ago
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this post was submitted on 22 Nov 2023
31 points (91.9% liked)

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