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A comment on u/DeepFuckingValue and the GameStop Reddit mania. Parent comment

Re:u/DeepFuckingValue and the GameStop Reddit mania by r00fus on Friday January 29, 2021 @07:44PM (#25964783)
GME is worth what a few dozen billion at its current valuation? How would that impact SPX, DJIA, etc.
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Re:u/DeepFuckingValue and the GameStop Reddit mania by tootie on Friday January 29, 2021 @07:53PM (#25964854)
It's at like $25B last I looked. The market cap of the S&P is $36T. The NYSE manages about $25T. So this is like 0.1%.
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Re:u/DeepFuckingValue and the GameStop Reddit mania by yreg on Friday January 29, 2021 @08:43PM (#25965171)
If short squeeze happens[0], the shorts will have to buy the shares back at whatever the price will be. If they go bankrupt the responsibility passes to the brokers and further upstream.

Of course it might not happen.

[0] https://news.ycombinator.com/item?id=25945253

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