Page 8 - Brian Fikkert News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Everybody loves a David and Goliath story. In recent days, millions of aspiring Davids took on one of society’s least favorite Goliaths: Wall Street.
It all started with a Reddit page called WallStreetBets. Many of the 3 million amateur investors involved in the chat room decided to come together to coordinate the purchase of stocks in a handful of companies. By doing so, they generated a massive increase in the value of those companies’ stock. GameStop’s market value, for instance, went from $2 billion to $24 billion in just a few days. While this created an enormous profit margin for individual investors, it also nearly bankrupted a hedge fund that had bet against GameStop by short selling their shares. ....

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