Reddit investors vs. Wall Street: The GameStop saga (so far) explained ...News

Russia Today - Economy
Reddit investors vs. Wall Street: The GameStop saga (so far) explained
source : Russia Today ( News ) () 7
Amateur investors managed to beat Wall Street at its own game, so the rich and powerful swiftly made it clear that their favorite gambling parlor is not for the riffraff. If you missed that story, here’s a quick catch-up. Potentially the biggest thing to rock the US financial system since the 2008 meltdown, it all started with GameStop, a bricks-and-mortar video game retailer. Already under pressure from the competing digital-purchase model, the firm found itself really struggling last year, with the lockdowns and subsequent economic slowdown severely affecting its business. Smelling the blood in the water, the Wall Street sharks start

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