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The Week in Business: GameStop’s Bizarre Saga By Charlotte Cowles Jan. 31, 2021 Hi, everyone. Here’s your breakdown of the top news in business and tech, so you’re ready for the week ahead. — Charlotte Cowles Can’t Stop, Won’t Stop Who could have predicted that the struggling video game retailer GameStop would hijack markets and cause a Wall Street meltdown? The company’s stock soared an absurd 1,700 percent this month, but not because the company did anything new or special. Instead, it became the focus of hordes of amateur traders — also known as retail investors — who banded together on Reddit message boards and drove up GameStop’s stock price by buying tons of its shares through apps like Robinhood and E-Trade. They adopted similar tactics with underdogs like AMC Entertainment, BlackBerry and American Airlines, inflating their stock prices, too. In doing so, they squeezed big Wall Street firms that were betting against the

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