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MacroGlide on Instagram: "The GameStop short squeeze in early 2021 was sparked when retail traders coordinated online to buy shares and call options in a stock that hedge funds had heavily shorted, at one point exceeding 100% of available shares. As the stock surged from under $20 to over $480 in days, short sellers were forced to buy shares to cover losses, pushing prices even higher in a classic short squeeze. Several hedge funds lost billions, including Melvin Capital, while trading platforms
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