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In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers.
The GameStop saga. No one could have anticipated that a struggling video game retailer would be at the center of a next-level frenzy in the stock market that captivated the world, brought hedge funds to their knees and upended the conventions about small investors.
At its peak, GameStop stock traded at $483 per share. With these individual investors making an unprecedented impact on the market, the short sellers were offered several bailouts—leading...
Dumb Money captures the mood of the moment when GameStop’s stock soared in 2021 and took on hedge funds as part of a short squeeze. But what do we really know about what happened to Robinhood...
January 2021 saw one of the most notorious short squeezes in market history as Reddit's army of retail investors took on hedge funds to drive struggling retailer GameStop's stock price sky-high.
The GameStop stock surge began for a legitimate reason: The company announced on January 11 it had added three new directors to its board, including Chewy co-founder Ryan Cohen.
Dumb Money portrays the GameStop craze as a sea change moment in American finance, in which everyday people, known as retail investors, successfully grabbed back power from Wall Street and...
The movie Dumb Money tells how a group of amateur investors made a killing with GameStop stocks, and almost bankrupted huge investment firms in the process. Here's the true story that inspired it.
Followers of YouTube personality Roaring Kitty, inspired by his enthusiasm for buying stock in the underdog retailer GameStop, made him an icon in the social media frenzy that shocked Wall Street. But what’s been a big victory for 34-year-old Keith Gill could lead to heartbreak and hardship for followers who jumped on the bandwagon and took ...
Here's everything you need to be equipped for the inevitable conversation about why GameStop's stock is rising, what short squeeze means, and how a Reddit trader sparked the Wall Street...