Markets
Saturday, 7/4, 12:46 AM
The GameStop Short Squeeze of 2021: When Reddit Took On Wall Street
- In January 2021, an army of small investors organizing on Reddit sent shares of a struggling video-game retailer, GameStop, from around $17 to a pre-market peak above $500 — inflicting huge losses on hedge funds that had bet against it.
- The episode rewrote assumptions about who moves markets.