Thursday, February 25, 2021

GameStop and AMC: UK buying and selling platform IG stops new trades

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Lots of huge funding companies, resembling hedge funds, had wager on GameStop to lose a variety of worth, that means they borrowed shares within the firm after which offered them, with a promise to purchase them again at a later date. This is named “short selling” or “shorting” and the concept is to make cash because the share worth falls.

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