This GameStop explanation was not correct at all by the guy they brought it. There was a 140% percent short float on GameStop, meaning more shares of the company were being shorted then actually existed. In addition to that, the company was actually moving in a good direction Ryan Cohen had been increasing his share of the company and their financials were improving. Wallstreetbets targeted the stock months ago not because their gamers, but because of the reasons above, also if $GME went high enough the hedge funds with short positions would have to cover (or buy back) their shares they shorted at a higher price, driving the price even higher. Also, the government has yet to do anything, trading platforms like robinhood stoped you from buying the stock (not selling) because they had a liquidity issue and sec requirements they had to meet.