Business
‘It really is madness’: No regrets for Australian investor who missed $1b GameStop windfall – Sydney Morning Herald
David Paradice has seen a lot of things in his distinguished career. But nothing like the online frenzy that led to a surge in GameStop shares last week.
The GameStop share price surge has captivated the global media, triggered warnings from regulators and sparked predictions that financial markets may be permanently altered by the rise of a new form of investing.
Shares in the previously unloved American video game retailer shot up more than 1500 per cent in January after large numbers of retail day traders banded together on discussion forums on website Reddit to push the price of the stock up and decimate the hedge funds that had billions riding…
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