in

GameStop and AMC: UK trading platform IG stops new trades

Lots of big investment firms, such as hedge funds, had bet on GameStop to lose a lot of value, meaning they borrowed shares in the company and then sold them, with a promise to buy them back at a later date. This is called “short selling” or “shorting” and the idea is to make money as the share price falls.

Original Source

What do you think?

Written by Celebrity Stories

Bringing you the latest celebrity gossip, news and stories from the around the globe. Stay tuned in for the latest scoops.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Russian billionaire Arkady Rotenberg says ‘Putin Palace’ is his

Arsenal vs Manchester United, Premier League: live scores and latest updates