GameStop’s power to the people: Celebrating the investor revolution in the making ...Middle East

NY Daily News - Opinion
source : NY Daily News ( Middle East ) () 26
The sudden surge in the price of GameStop’s stock has attracted the attention of trading platforms, regulators and even the White House. And rightfully so. Just days ago, major hedge funds were betting big money against the success of the video game retailer in the form of short sales. But that didn’t stop individual investors from taking those bets. Instead, a flood of retail investors joined forces on Reddit’s WallStreetBets forum to send GameStop’s stock soaring. As of this writing, at over $400 a share, GameStop is worth 10 times its value a week ago.

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