Student investors reflect on GameStop stock craze
This January, the stock market was rocked by what is now referred to as the GameStop Short Squeeze. Along with others across the country, students at the University of Miami scrambled to get in on the action while it lasted.
This phenomenon started with a group of investors from the subreddit WallStreetBets, who noticed that a hedge fund had purchased shares of GameStop, a company that has been suffering at the hands of digital competitors and COVID-19, at low prices in hopes of selling them short, which has the potential to lead to a short squeeze.