GameStop, stock market, hedge funds, short selling - If you have heard these words a lot over the past few days but are still not totally sure about what's going on, you're not alone. "The saga that is GameStop Corp. has turned into nothing short of a national sensation," states a Bloomberg report. "For parts of the hedge-fund industry, it's an existential crisis," it says. "It's at least part of the reason the entire stock market tanked on Wednesday."
But what exactly is GameStop? And what is happening in the stock market?
Actress and comedian Avalon Penrose took it upon herself to explain the GameStop saga in layman's terms, and her hilarious explanation has gone viral with over 3 million views, garnering thousands of amused reactions - including one from the world's richest person.
This video will probably not help you understand the GameStop saga any better, but it will definitely make you chuckle. "a normal person explains what's happening on the stock market," she wrote while sharing the clip. Watch it below:
a normal person explains what's happening on the stock market: pic.twitter.com/zKKvULCirX
— Avalon Penrose (@avalonpenrose) January 27, 2021
Since being posted a day ago, Ms Penrose's rambling piece on "hedges around houses" and "people who have a lot of money" has racked up over 96,000 'likes', 15,000 retweets and more than 3 million views - with the numbers rising steadily.
Among those who 'liked' the video was Elon Musk. The billionaire entrepreneur and world's richest person also dropped a hilarious comment.
A hedge fund that shorts is a shrubbery
— Elon Musk (@elonmusk) January 28, 2021
And went on to plug Tesla's red satin shorts - which were originally designed to mock short-sellers who borrow and then sell stock, hoping for a decline in price so they can buy it back at a cheaper rate and make a profit.
— Elon Musk (@elonmusk) January 28, 2021
Elon Musk wasn't the only one amused by the video. Take a look at some of the other reactions it has received:
"Not today... we want hedges, too!" — online reading clubs everywhere https://t.co/xb7AJfwJuI
— Anna Massoglia (@annalecta) January 28, 2021
No no no. They don't have hedges around their houses. The hedges grow along Wall St. to stop their secretaries (SEC for short... who knows why they shout it) from bring able to peek in.
— Michael B Puskar, Social Justice Activist (@mbpuskar) January 28, 2021
This is the best thing I've see all day.
— Jonathan Ferro (@FerroTV) January 28, 2021
Also, I'm retiring. https://t.co/eLebbbUry3
If you would like a simpler explanation on the GameStop story, that was also provided:
This explains more too...
— Jarau Moses (@JarauMoses) January 28, 2021
The best explanation I have got regards to this whole thing.. pic.twitter.com/ELlXDk6tTY
What do you think? Let us know using the comments section.
Track Latest News Live on NDTV.com and get news updates from India and around the world
