General
GameStop is just a pawn in the new battle between Wall St and Main St
Why should we care about what’s happening with the share price of video game retailer GameStop?
Last week, GameStop notched up a stock price rise of 1,755 per cent.
It’s an extraordinary run-up in a stock price, but is it anything more than that?
You could argue it is, in many different ways.
It might be a microcosm of a wider stock market bubble.
The trading behaviour that drove it is also representative of a wider social phenomenon about taking action against rising wealth inequality.
And, of course, it looks to have exposed blatant hypocrisy among the establishment and Wall Street.
During Thursday trading in the US, many retail investors couldn’t trade certain stocks on various platforms they use but the big investment banks were given a…
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