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'Blink 182's' Mark Hoppus Reveals SHOCKING Health Condition; Fans Devastated By Sad News enstarz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from enstarz.com Daily Mail and Mail on Sunday newspapers.
NEW YORK: There’s some irony in the fact that Reddit, an online chat community full of gamers, has propelled GameStop Corp. to unbelievable levels. After all, video game fans have loved to hate the struggling retailer for decades. 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. GameStop’s resuscitation may seem like it should be inherently good news for video game fans. But unlike the beloved retailer Toys R Us Inc., GameStop was never very popular among gamers. The Reddit community choosing GameStop as the stock to pump may have been one giant practical joke. ....
Redditor revolt propels game reseller largely loathed by gamers Gamers on the chat site have long loved to hate GameStop Jason Schreier, Bloomberg FacebookTwitterEmail There’s some irony in the fact that Reddit, an online chat community full of gamers, has propelled GameStop Corp. to unbelievable levels. After all, video game fans have loved to hate the struggling retailer for decades. 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. ....