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Their stories need to be fact-checked! They are creating false headlines on what "retail investors" are focusing on, in order to help hedge funds close their positions. They have stated multiple times that the shorts are covered but it is impossible to cover 68mil shares in few days when there are only around 48mil shares in total. They also stated that this movement may lead to new investors making poor investment choices but CNBC finds it morally okay for hedge funds to create naked shorts...
Ra T.'s review of CNBC earned 4 Very Helpful votes
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