GAMESTOP MANIALeave it to a Reddit day-trading mob to inflate a stock based on little more than spite. Reddit is home to hordes of day traders who are doing battle with short sellers, aka investors who place bets that a stock will crash. Those Reddit traders pounced, and the stock surged. The victory for GameStop's Reddit bulls underscores the risk of betting against stocks — like GameStop and BlackBerry, another Reddit fave — that have a cult following. — CNN founder Ted TurnerCNN was only five years old when Ted Turner recruited Larry King to join the network.
Source: CNN January 26, 2021 00:56 UTC