>>12660551I am EXTREMELY sceptical that reddit has *caused* this short squeeze
These things are common and the amount of money and coordination required to do it in this scale requires institutions
What's most likely happened is redditors coincidentally stumbled on the idea around the same time as other financial institutions and rode the wave up to a certain amount, then the media blew up and suddenly your average redditor wants a piece of the pie and inflated the price some more. The original big institutions are probably sitting on a pile of stocks that they're gonna dump on the redditors soon if they haven't done it already.
I've talked to some people and they seriously said that redditors hold 13 to *50* percent of all stocks on the market. That's literally billions of dollars worth of stocks.
It's clear that redditors and the media are completely drunk and power-tripping and aren't seeing reality clearly, so while it sounds nice and all, take it with a grain of salt.
