Smaller investors face down hedge funds, as GameStop soars - News Summed Up

Smaller investors face down hedge funds, as GameStop soars


A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer. Many are pitching it as a battle of regular people versus hedge funds and big Wall Street firms. It took just five days for GameStop's stock to double after announcing its board shakeup. Holding till infinity,” posted one user on a Reddit discussion about GameStop stock. “What happened with GameStop’s stock is a reminder of how times are changing.”


Source: Stuff January 27, 2021 09:00 UTC



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