Hello internet who is out of the loop, TLDR:
This is a tweet of Roaring Kitty u/ DeepFuckingValue, legendary YOLO investor of GameStop.
After the 2021 shortsneeze, GME is rising in price again as DFV returned to twitter.
In the meantime, Ryan Cohen, founder of billion dollar ecommerce company Chewy, has become an activist investor, having turned around GameStop to be profitable for the first time since 2018.
Due to naked shorting, countless counterfeit shares of GameStop exist that were not authorized by the company.
Those betting on GameStop going down in price or to $0 in a bankruptcy, will have to buy back their shares at market price, as they get margin called due to increasing collateral requirements due to a higher market price.
Since enough shares are directly registered in retail investors their own names instead of being owned by financial institutions, those shares cannot be sold or loaned out. The decentralized nature of this, hundreds of thousands of households, makes it impossible for short sellers to negotiate a compromise, often done in similar short squeezes.
🦍 Ape buys GME shares, moves to own name, refuses to sell. Ape together strong, infinity pool of shares! 🏊♂️♾
This is not a meme. It’s the biggest transfer of wealth in history.
GME will go to a price of infinity 🚀🐱🚀