In a David and Goliath story for the modern era, at-home Reddit-browsing retail investors have taken on the investment firms of Wall Street—and the Redditors, up until recently, were winning.
Gaming GameStop for All It’s Worth (and More)
If you are or were a video game enthusiast, you may be familiar with GameStop, an American video game, electronics, and gaming merchandise retailer. As online game services such as Xbox Live, Playstation Network, and Steam have risen in popularity, the market for physical game retailers has been in steep decline. Over the past six years, GameStop has subsequently been losing money. Not surprisingly, its stock plummeted.
Pivot to the investment firms of Wall Street who…