Business
GameStop stock has surged thanks to enthusiastic WallStreetBets Reddit users. Here’s what you need to know – ABC News
The surge in demand for stocks in GameStop, a US video retailer, has been driven by a giddy mob of Reddit users. Here’s what you need to know.
It’s a story with all the makings of a Hollywood blockbuster: the little guys beat the corporate titans at their own game, expose hypocrisy and get insanely rich in the process.
But that’s not where the story of GameStop, whose stock is surging thanks largely to a giddy mob of “degenerates” on Reddit, ends.
Now, the corporate titans Wall Street hedge funds, commentators and regulators seem poised to fight back, calling the situation “systematically wrong”.
Here’s what going on with GameStop and…
-
Noosa News22 hours agoGirl on scooter dies in Laidley, motorbike rider killed in Gatton
-
Noosa News17 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General21 hours agoBrisbane coach Michael Maguire backs Reece Walsh despite error handing Broncos defeat
-
Noosa News22 hours agoGirl killed in horror e-scooter crash in Laidley, Queensland