New York (CNN Business) GameStop is expected to lose money this year and next year. So why are shares of the video game retailer up more than 275% so far in 2021? The stock was extremely volatile on Monday, and it was halted several times. GameStop GME Posters on the WallStreetBets subreddit have been touting the company aggressively. A large number of investors have bet against GameStop recently by borrowing shares and selling them with the hopes that they can then repurchase the stock at a lower price and pocket the difference.

Source: CNN January 25, 2021 16:07 UTC