![]() ![]() ![]() ![]() One of these poor hedge funds had to seek a bailout from another hedge fund. They bet the stock would go down, and when it went up, they started to lose a lot of money. When those stocks went up big this week, thanks to a surge of interest generated on Reddit-a phenomenon that does not, at this point, seem to have been illegal-some of these hedge-fund types lost their shirts. The big one is GameStop, but there's also Blackberry, AMC, Express, Bed Bath and Beyond, and Nokia. Well, certain stocks-the ones that some rich and powerful people bet against. Robinhood is, as of Thursday morning, a stock-trading app in which you are not allowed to buy stocks. ![]()
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