More recently, naked shorting was partially blamed for the GameStop “meme stock” phenomenon of 2021. During the two previous years, GameStop had posted big losses, leading to a large drop in its share prices. This problem was noticed by hedge funds, which took out major short positions in...
With GameStop stock's recent volatility, the price isn't likely to remain high for long. A large-scale selloff from investors looking to lock in unforeseen profits could bring it crashing back down to earth. GameStop executives could be among them, and they'll be handsomely rewarded for dr...