Business
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…
-
Noosa News22 hours agoWest Coast Eagles draftee Josh Lindsay wants to carry on Troy Selwood’s legacy
-
Noosa News23 hours agoHunt for suspects after family’s pregnant horse found shot dead on rural Queensland property
-
General23 hours agoLabor to squeeze public service, sparking warnings of job losses
-
Noosa News23 hours agoQLS submits key budget requests – Proctor