Some Reddit users say GameStop's rocketing stocks is a case of the masses beating Wall Street at its own game. — Bloomberg
For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth.
The social media-fueled movement has sent shares in the US video game retail chain soaring from less than US$20 (RM81) weeks ago to a peak of US$492 (RM1,994) on Thursday, dearly costing hedge funds that bet GameStop stock would tank.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
