GameStop Rout Erases $27 Billion as Reddit Favorites Tumble Bloomberg 2/2/2021 Bailey Lipschultz (Bloomberg) -- GameStop Corp.’s rally came to a screeching halt this week as the shares had their biggest one-day loss on record, erasing more than $27 billion in market value from their high. Popular Searches The stock, which has been the poster child for Redditors looking to squeeze short sellers, fell 60% Tuesday, closing below $100 for the first time in a week. Several other Reddit favorites -- including movie-theater chain AMC Entertainment Holdings Inc. and clothing retailer Express Inc. -- also tumbled. GameStop fluctuated around its $90 a share closing level in after-hours trading.