Can someone break this down for me to a window licker level of dumb?

If i understand it, hedgefund operators banked on the price going down, so
shit posters rallied together to drive it up, and on friday the hedgefund
operators are forced to purchase at the inflated price? Is this the gist?
Now government is trying to step in to protect the hedgefunds from the
shitposters?
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