GameStop and AMC: UK trading platform IG stops new trades
The move by one of the UK’s biggest trading companies comes amid a price war between amateurs and pros. …
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.
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