History shows the GameStop saga won't end well
History shows the GameStop saga won’t end well The recent battle between short-sellers and Reddit’s WallStreetBets crowd over the stocks of a handful of distressed companies has erupted into the global spotlight. Reminiscent of speculative bubbles of the past — “a modified pump and dump,” in “The Wolf of Wall Street” author Jordan Belfort’s words — the latest mania has been fueled by free online trading sites, such as Robinhood. Though the particulars have changed, the GameStop stock surge is actually part of a longer history of attempts to manipulate markets, often with cat...
Source: ktvz.com