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GameStop s stock has taken social media by storm in recent days. Credit: AP
Words by ITV News Multimedia Producer Connor Parker
You ve probably never thought about GameStop before, or even bought something from one of their stores, and yet for the past few days it s been at the centre of a social media frenzy causing headaches on Wall Street.
GameStop s stock price has soared by over 300% in the last week as amateur investors coordinated on social media to buy stocks for the struggling American video game retailer.
GameStop has been targeted by these investors due to the company being heavily shorted (bets that the value of the company will drop) by hedge funds.