Souring GameStop stocks

 Stocks in Gamestop suddenly started to rise recently.  Investors on Reddit have banded together to raise GameStop’s stock price substantially in recent days. This has caused hedge funds that bet against the stock of the video game retailer are facing major losses. This could mean a lot of things and it interests me as it has brung Gamestop to the news. This also worries me for the consumer of GameStop as this could possibly cause prices on their inventory to rise.

https://www.nytimes.com/2021/02/02/learning/lesson-of-the-day-dumb-money-is-on-gamestop-and-its-beating-wall-street-at-its-own-game.html

Comments

  1. AnonymousFebruary 18, 2021 at 6:00 AM

    It is amazing how a bunch of people on the internet can come together and change a whole companies stock value in such short times. Now only if we could band together to do something a little more useful.

    ReplyDelete

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