A finance firm called Melvin and a group of degenerate gamblers on Reddit had a run in. Market manipulation accusations have been made.

The stock in question is GME (GameStop).

Melvin Capital shorted the stock, they want the price of the stock to go down.

Degenerate Gamblers bought GME and want the stock price to go up.

Melvin Capital hosted a livestream, which was a boomer fest and was a spectacular failure sending the stock price of GME even higher.

Now Melvin Capital is ultra fucked because they bet huge that the stock price would go down and a group of doofus’ on Reddit keep buying the stock, causing the price to go up.

We’re approaching a short squeeze where Melvin Capital would be insanely fucked, so they accused the subreddit in question of manipulating the market. Out of fear of reprisal the coward mods deleted the subreddit (presumably).

Oh, the main reason this happened is because some dumbass mod creates a Twitter account, essentially solidifying the idea that the community of doofus’ isn’t a community of doofus’. It’s a monolith of retards engaging in market manipulation.

I’m going to miss that sub, it was one of the only good ones left.