Business
Reddit users win and lose as they take on Wall St giants with GameStop move – NEWS.com.au
Reddit users win and lose as they take on Wall St giants with GameStop move
It all started with the prospect of making stashes of cash while sitting at home during a lonely and boring pandemic.But the GameStop frenzy may have got a little out of hand, turning into a Robin Hood-like fight with the underdog trying to get a piece of the pie hogged by rich Wall St investment traders.
Reddit users of the subgroup WallStreetBets – which has nearly four million members – have tried to cash in with a move too alike the plot of The Big Short, a fictional movie where everyday traders…
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