/biz/ - Business & Finance

>> 1266319
In other words, the financial company borrowed huge amounts of shares because they believed it would go down (for obvious reasons) and people got excited and bought large amounts of shares, making the value rise "artificially", so that later the financial company would have to return the number of shares that they initially lent + 30%, but with the difference that the shares rose more than 600%. So if the finance company took out a loan of 10 shares at 21 each, now they will have to return 600 per share + 30%.