GameStop (GME) got POUNDED to the tune of -43% Thursday after the crooked suit-wearing hedge fund big-shot clownboys decided they wanted to delay their inevitable margin calls and insolvency by CHEATING and rigging the game.

If you didn't know, GME was on the run of a lifetime, fueled by the hopes, dreams, love of tendies, and sheer cojones of an army of day traders who fought valiantly against the starched suits who were all short the stock.

The army of everyday traders bought the stock en masse, sending the suits running for the hills and weeping while bleeding literal billions out onto the ground. Many everyday people who trade stocks for fun got rich. One guy, who shall not be named (but if you know you know) is the de facto leader of said trading army and, investing in GameStop, turned $53K into almost $50 MILLION.

All at the expense of the hedge funds, who had sold this stock short and were betting on and praying for its downfall. So many hedge funds had sold the stock short that there were no available shares to buy with which to cover their shorts, so the retail army knew that all they had to do was HOLD their stocks and the price would continue to rocket to Valhalla.

The stock was headed toward Pluto at terminal velocity. Short squeeze of a lifetime.

Then it became too much for the hedgies and their cronies to handle, and, through God-only-knows what means, they got Robinhood to restrict trading on GME. The only action they'd let you take on the stock was to SELL. So GME crashed. As I said before, 43% today. Huge loss.

And the retail traders, now, are MAD. And are out for revenge.

Here's Dave Portnoy ranting about what happened. There's a reason this video went viral [language warning]:

Now allow me to bless you with some choice posts from the front page of WallStreetBets rn...

This party is just getting started. Traders vs. suits. Millions of retail investors vs. an entire industry.

Hoo boy. Here we go.

* * * Update: Look at GME after hours right nowwwww:

* * * Update 2 👀: