The biggest investors in space are cheering on the GameStop trade ...Middle East

Quartz - Economy
The biggest investors in space are cheering on the GameStop trade
source : Quartz ( Middle East ) () 2
It’s no surprise that the world of meme-driven stock speculation and the “new space” business have significant overlap.Market watchers have been transfixed by the surging share price of GameStop, a brick-and-mortar video game retailer that has seen its value increase more than twelvefold thanks to the wild intersection of an activist investor promising to transform the company for the digital era, massive bets against GameStop by short-selling hedge funds, a flood of retail investors coordinating on Reddit to make counter bets on the stock’s rise, and trading algorithms getting frenzied in response. Bloomberg newsletter god Matt Levine has a fuller explanation of the dynamics.But we’re here

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