Reddit Investors Buy And Inflates GameStop Shares In The US; Sends Wall Street Into Frenzy
325Shares By now, you’ve probably heard about how a couple of Redditor investors interrupted the “nefariously evil plans” of Wall Street, how it nearly bankrupted a hedge fund and investors overnight, and how it also made some of the Redditors millionaires overnight. Here’s the background: Back in April last year, GameStop told the world that it was planning to close hundreds of its stores. Adding insult to injury, its value on the stock market at the time was just under US$3 (~RM12). Now, to be fair, GameStop’s woes technically began several years prior; even before the ongoing COV...
Source: lowyat.net