When the CEO of WeBull says that he is not sure how the hedge funds managed to short a company substantially above their float, it does look very fishy.
To me the story is both hilarious and dark. It’s a dream and like a lot of dreams there’s a monster at the end of it. We just don’t know for whom the monster is coming. It might eat the shortsellers, the YOLO traders, the clearing houses or even overall market stability. But we might find out today.
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This is not the first time IB did something like this btw.
Same happened for Wirecard last year, when the price dropped to 2 or 3€.
Just nobody of you noticed 
Aside from that: I’m watching from the sidelines with my popcorn, before everything implodes again.
Just make sure you get your money out fast enough. Totally with @Julianek here. You are all speculating here. Btw: you know who benefits most from this rally? Companies like Blackrock, who actually own a substantial share of GME stocks.
Just my 2 cents
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Those are just the passive index funds (e.g. all of us holding VTI)
Surely the large ones are labeled “systemic”, “too big to fail” iron sharks running in “god mode”. They have endless liquidity. So it is important to know to what extent they have reloaded their shorts…
RH had to get extra liquidity, so who knows how close to insolvency they were (and you can understand the other brokers might start being cautious): Robinhood raises $1bn from investors and taps banks at end of wild week
Robinhood, the online brokerage at the centre of wild trading in equities this week, has raised more than $1bn from its existing investors and tapped credit lines from banks to shore up its financial position after a turbulent four days.
The company has drawn down at least several hundred million dollars via a credit facility with banks led by JPMorgan and including Goldman Sachs, Morgan Stanley, Barclays and Wells Fargo, according to people familiar with the move.
Sir, this is a casino. 
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Just make sure it’s play money only.
Interesting to see human instincts like FOMO playing out in this lovely mustachian forum 
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Of course it‘s speculation, there‘s not enough value in these companies to justify the price. I bought into AMC with some play money. Let‘s see how it goes and when to pull out to break even and still have a few shares in play before selling it all.
The departure from the idea that fundamentals support the price of a stock has been going on for quite a while. There is cash around until infinity at this point and nobody wants to keep it in a negative interest bank account. Of course forward PE will shoot to the moon, looking at fundamentals has lost its relevance. BUT… with GME (and even more so with AMC) it was about the shorting and not necessarily about the future prospects of the company. Yesyes Ryan Cohen, Ryan Cohen!, Ryan Cohen!!, Chewy, Chewy!, but mostly it is about the squeeze I would say.
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Yet this is simple maths:
Let’s say Acme Corp has 1 share outstanding (= the float).
Investor A owns the share.
Investor B borrows the share from A and sells it short to C.
Investor D borrows the share from C and sells it short to E.
A, C, and E are long, B and D are short. Total short interest = 2 shares = 200% of the float.
Total long interest = 3 shares = 300% of the float. Long + Short = 300%-200% = 100%.
EDIT: typo corrected, thanks @MrCheese
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Sounds lovely and clear. What works so well on your example does not seem to be unraveling so nicely in reality, as we are witnessing right now. That the CEO of a rather large company, fully in his area of expertise (plus the two benzinga guys, whatever their worth is) is also struggling with it, should give us an indication that maybe maybe the situation is beyond simple.
So perhaps when B gets a margin call and has to repurchase the stock at the double price, C says “Sorry, I’ve lent the share further” and E (the only real current owner) says “What, only the double price? I prefer to hold!”. Especially if D has got a margin call too…
I must be very dynamic situations…
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Since 2000 the non-speculative investments have become very rare and since 2009 they have almost completely disappeared (actually I’ve found only 1 (one) type of non-speculative investment since then).
So, why not speculating? There are different levels of risks, choose a convenient mix for you!
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What happened to volatility? This is boring :’(
Doesn’t look like the final battle depicted in WSB videos…
Agreed. Looks like the calm before the storm.
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Or a “permanently high plateau” 
…
Most brokers have options disabled right?