Business
GameStop… or GameStonk? And what does it mean for you?
This GameStop thing?
Frankly, I’ve lost track of what stage of grief I’m up to.
No, I’m not crying for the short-sellers who made their beds (and their bets) and now have to lie in them.
No, I’m not crying for the reddit crowd who like some self-styled (cough) Robin Hoods (cough), were trying to stick it to The Man, while simultaneously making The (same) Man, in a different guise, rich – and who lost 60% of their investment overnight.
No, I’m not crying for the brokers who are having to raise billions of dollars just to make sure they stay solvent as this palava plays out.
No, I’m not crying for the regulators, who somehow – even in the shadow of the GFC – had no problem (or just no solution) for 140% of a…
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