{"id":2668,"date":"2021-01-29T09:21:01","date_gmt":"2021-01-29T09:21:01","guid":{"rendered":"https:\/\/thenextweb.com\/?p=1336156"},"modified":"2021-01-29T09:21:01","modified_gmt":"2021-01-29T09:21:01","slug":"out-of-the-loop-about-gamestop-heres-a-handy-reading-list","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=2668","title":{"rendered":"Out of the loop about GameStop? Here\u2019s a handy reading list"},"content":{"rendered":"\n

GameStop. It\u2019s everywhere: your family members have messaged you about this, the world\u2019s richest man has tweeted<\/a> memes about this, and there\u2019s also a sea shanty<\/a> about it.<\/p>\n

I don\u2019t blame you if you feel left out of the conversation. However, this piece is not a long-form explainer to explain every character arc in this story. But it\u2019s a collection of well-written articles that can educate you about the issue in a better way.<\/p>\n

 Before we begin the GameStop saga, however, <\/span>it\u2019s important to learn one concept that\u2019s central to the whole story: shorting.<\/p>\n

Shorting<\/h2>\n

A vague definition of shorting is betting against a company in the share market. Shorters borrow a company\u2019s stock from someone, sell it to another investor, and wait for that stock\u2019s price to go down. Then the shorter will buy them back for a lesser amount, return these stocks to borrowers, and keep the difference.<\/p>\n

For example, a Shorter might borrow 50 shares of XYZ and sell them for $300. Now, they\u2019ll wait for the company to fail and share prices to go down. Once the prices are around $200, they\u2019ll buy it back, and keep the $100 per share difference. The video below explains it well.<\/p>\n