GameStop but without the rage – inside the world of British ‘meme’ investing
We follow Britain's online investor community who aren't looking for revenge, just returns
6 February 2021 • 5:00am
Sub-reddit WallStreetBets was behind the action the US but forums closer to home have other motives
Credit: Brent Lewin/Bloomberg
While America’s online investor community is out to take down Wall Street, Britain’s has very different aims.
Shares in GameStop, the American video games retailer, crashed last week after a stratospheric rise driven by users of the Reddit internet forum, who had sent the stock soaring from $17 at the start of this year to a peak of $483, a 2,700pc rise.