Business
Wall Street will never be the same again
(New York) – This week, the biggest story in the financial markets is the absurdist, (pretty-sure-I-hallucinated-it) drama involving GameStop, a struggling video game retailer that became the rope in a high-stakes tug of war between Wall Street suits and a crusading internet mob. The simplest explanation for what happened is that a bunch of hyper-online […]
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Business
GameStop: how Reddit amateurs took aim at Wall Street’s short-sellers
The coordinated effort by users of the online forum Reddit to drive up the share price of GameStop and other companies is designed to turn the screw on short-sellers. Rob Davies reports. To the layman, the dynamics at play here can seem dizzyingly labyrinthine. But a good place to start is by understanding what short-selling […]
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