and now the powers to be are getting involved.
they never get involved if average trader loses money
Yellen ‘Monitoring’ GameStop Market Activity, White House Says
U.S. Treasury Secretary Janet Yellen and the Biden administration’s economic team are watching stock market activity around GameStop Corp.and other heavily shorted companies, White House Press Secretary Jen Psaki said.
“Our team is of course -- our economic team including Secretary Yellen and others -- are monitoring the situation,” Psaki told reporters at the White House on Wednesday. She called the unusual trades in the video-game retailer “a good reminder, though, that the stock market isn’t the only measure of the health of our economy.”
A Treasury Department spokesperson declined to comment.
The problem is that all these 15 year old nerds were using the same platform for this (Robinhood) and when it restricted buying some of these tickers today (GME, AMC, KOSS etc...), all of these short-squeezing stocks just plummeted.
But as soon as they figured out how to use another website, they rebounded again lol
So in conclusion, all these spotty dweebs are about to ride KOSS again.