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Social Humour: GameStop s wild stock run triggers memefest
Social Humour: GameStop s wild stock run triggers memefest
TIMESOFINDIA.COM | Jan 28, 2021, 20:31 IST
DISCLAIMER: This is a compilation of humour being shared by netizens around the world. Times of India neither condones nor endorses any of the views shared in this article here. The subject matter is intended purely as satire.
NEW DELHI. An epic battle is unfolding on Wall Street with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores.
Over the past week, a collective of individual traders on Reddit’s r/WallStreetBets community sent GameStop stock to astronomical heights in an experiment to stick it to hedge funds, which had sold the stock short. At the beginning of this year, GameStop was trading at $17. By Wednesday afternoon, it was over $340, valuing the unprofitable company at more than $25 billion.