For those of you that believe Reddit is currently generating it’s own hype out of thin air and the hedge funds have already managed to squeeze their way out of the short positions that they found themselves in please take a couple of minutes to watch the following link:
There is so much money involved that any form of disinformation campaign involving the mainstream media or social media is well within thier sphere of influence and the cost of doing so is nothing compared to what they originally stood to loose. If this causes a few shareholders to sell it’s a big win for them.
Weather this is still the case is anyone’s guess but dont just instantly rule it out as hype. This is unprecedented and anything can happen. Majority shareholders are still holding stock and if they dont see a reason to exit thier position despite huge gains over the last month that begs the question of why?
Not financial advise.