Reboot with Vuuzle TV! Look for the best movies and TV series for recreation on this OTT platform texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
GameStop investors’ motives: Take a YOLO bet. ‘Ruin a billionaire’s life.’
For some, it was the desire to make a buck. For others, it was fear of missing out, anger at elites or idle curiosity about what was possible in a world where it’s increasingly hard to tell internet jokes from real life.
United by these disparate motivations, a legion of individual investors along with some mighty Wall Street whales turned GameStop, a money-losing video game retail chain, into the hottest stock in ages. After gaining more than 1,000% since the start of the year, its shares jumped another 68% on Friday, to $325, leaving the company worth more than $22 billion on paper.
Print
For some, it was the desire to make a buck. For others, it was fear of missing out, anger at elites or idle curiosity about what was possible in a world where it’s increasingly hard to tell internet jokes from real life.
United by these disparate motivations, a legion of individual investors along with some mighty Wall Street whales turned GameStop, a money-losing video game retail chain, into the hottest stock in ages. After gaining more than 1,000% since the start of the year, its shares jumped another 68% on Friday, to $325, leaving the company worth more than $22 billion on paper.