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Mass. native credited with sparking massive GameStop investment

Mass. native credited with sparking massive GameStop investment

AdvertisementMassachusetts native credited with sparking massive GameStop investmentHide TranscriptShow Transcript>> A BATTLE BETWEEN WALL STREET HEAVYWEIGHTS, SMALL INVESTORS, AND POPULAR STOCK TRADING APPS. PROFESSIONAL HEDGE FUND MANAGERS CALCULATED THAT TWO COMPANIES, STRUGGLING VIDEOGAME RETAILER GAME-STOP AND AMC THEATERS, WERE ON THE BRINK OF COLLAPSE, AND BET AGAINST THEM BY SHORTING THEIR STOCKS. A GROUP OF SMALL RETAIL INVESTORS TEAMED ONLINE USING A REDDIT FORUM CALLED ’WALL STREET BETS’. THEY STARTED BUYING UP SHARES CAUSING THE STOCKS TO SOAR AND THOSE WALL STREET...

January 31, 2021
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