GameStop: Global watchdogs sound alarm as shares frenzy grows
Financial regulators in the US and UK say they are monitoring share trading and potential market abuse. …
The hedge fund borrows shares in a company from other investors (for a fee) and sells the shares on the markets at, for example, $10 each, waits until they fall to $5, and buys them back. The borrowed shares are returned to the original owner, and the hedge fund pockets a profit.
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