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How Reddit users set out to stick it to the ‘fat cats’ of Wall Street by raiding GameStop stocks – NEWS.com.au
How Reddit users set out to stick it to the ‘fat cats’ of Wall Street by raiding GameStop stocks
In what seems like a modern day twist to the Robin Hood story a gaming companys stocks have become a batteground between the rich and the poor with Reddit users attempting to bankrupt hedge fund managers.US company GameStop is a brick-and-mortar video game retailer that has been struggling with profits due to store closures, decline in physical sales and the COVID-19 pandemic.
Its stock has been hovering between $US3 ($A4) and $US10 ($13) for much of the past year but has hit four straight days…
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