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Re:GameStop appoints chief technology officer and two additi... by gruez on Wednesday February 03, 2021 @12:34PM (#26016324)
debunked in a reddit thread. The order book simply doesn't work that way. Trading with your hedge fund buddies at an artificially low price doesn't cause the price to go down in the same way that trading with your wsb buddies at an artificially high price (eg. selling GME at $800 when the price is at $100) doesn't cause the price to go up.

https://www.reddit.com/r/investing/comments/lbib0x/the_myth_...

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