This makes me very happy. Wallstreet coordinated short attacks have screwed investors since the beginning of Wall Street. To see them getting burned is a great feeling.
Basically, Andrew Left, of Citron Research bet that GameStop stock will go down, & was fronted stock by a third party, which he sells at x amount. At future date, you owe not money, but the stock, whatever it is. If the stock went down, you made money.
Internet autists from /biz/ (4chan) brought proposal to reddit to help buy all stock because big time investors bought more of the stock than actually exists in the market & then bought it all.
Stock will go up because until GameStop makes more stock, there simply is no stock in the market to repay the loan, but the loan has accrued $1.6 Billion in interest & penalties.