>>12725575 (lb)
>One man at front of white house keeps looking in the windows right now
They way I understand it is:
Looks like suits wanted to kill Gamestop by shorting Gamestop stocks. Shorts borrow stock at a certain price, say 10 stocks at $100 apiece as an example. They sell the stocks to drive the price down, say to $50 dollars apiece. They get $1000 for selling the 10 stocks, but only pay $500 to buy it back to return it to whoever they borrowed it from. $500 profit.
$ amounts IRL are much bigger, of course. Millions to billions.
Gamers caught on and bought Gamestop, driving the stock up instead of it going down.
Shorts have to give back the stock by Friday, meaning they are going to have to pay millions to billions more than what they borrowed it for to buy them back.
Short squeeze. Gamers squeezed the short sellers.