The ongoing clash between Wallstreet investors on Reddit and Bigger Investors got fierce, after the short squeeze the prices dropped and some investors still hold onto their shares. As a result, one of the Wallstreet investors lost over $13 million already. But it looks like that won’t stop them from holding onto the shares.
The investor we are talking about is Keith Gill, he is hoping for another but bigger short squeeze to profit, so he is holding onto his shares. As far as known, he owns 50,000 shares. The determination can save him from the situation he’s in, but as always in investments, it could backfire as well.
If you don’t know the details of the story yet, you could check this article which explains the background of the story for you. For further news, stay tuned!