Business
Revenge of the day traders: What’s the GameStop craze all about? – Sydney Morning Herald
How has a chain of videogame stores become a sensation? What’s a short squeeze? And why are hedge fund managers so nervous about it all?
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Its got the makings of a Hollywood flick: an online band of rogues piles into a beaten-down stock to take on Wall Street short-sellers, and deliver a firm up yours to the investment establishment.
And, remarkably, as things stand, it actually worked.
Those with even a passing interest in the financial world will no doubt have clocked the drama around GameStop, investors tapping into the online forum Reddit, hedge funds and the sharemarket.
So…
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