yeah, feels like that ought to be illegal. blantant market manipulation to protect their shorts.
Would be great if this brought about improvements. The tactics by shorters have seemed obvious for years.
Frustrating though seeing news outlets and radicals try to claim this is an attack on wall street, even though it's literally a wall street investing sub. Makes it unlikely anything good will come out of this.
does gamestop actually benefit from this in any way. once they issue the stock i don't think the company itself actually benefits from increasing the price of the stock.
If it stays high like $60 then they at the very least have more ways to avoid bankruptcy if things go bad. They can issue new stock to raise funds and I believe they can take out loans against their stock.