The Investment Thread

Turfie said
I hope so too.

What’s currently blowing up the GME subreddit is that GameStop confirmed that 1.5% of all GME shareholders use the brokerage Etoro. That was what GameStop reported.

1.2 to 1.3 million Etoro customers own GameStop shares. So if 1.2 to 1.3 million represents just 1.5% of all GME shareholders.....Boom.

That means 89 million people in the world own GameStop shares.

Only 73 million real shares are in existence. The majority of which are insider and institutional.

If the average shareholder owns 1 GME shares = 89,000,000 shares.

2 shares on average = 178 million

5 shares on average = 445 million

The level of national/financial embarrassment coming out of some of these naked shorted stocks is going to be something.

Edit a lot of these could be errors in communication and the math could be way off.

The problem is these aren't necessarily static numbers. Shares change hands all the time and stopping the clock and counting all the shares outstanding at a given point in time is difficult to do. Not saying there isn't an issue with shares owned vs actual shares available, but actually nailing down where all the shares are and who owns what seems like a tough thing to do.

There are definitely questions worth asking and issues that have to be answered regarding how hedge funds and institutions are managing those short positions.