The GameStop Saga Isn’t About Finance, It’s Part Of The Ongoing War Between Elites And Populists
Posted on AllSides January 31st, 2021
From The Right
OPINION
For those who haven’t heard, there’s a bit of a brouhaha brewing with the video game retailer GameStop, which is publicly traded. Much of Wall Street soured on the company, believing it to be the next Blockbuster or Radio Shack: a dinosaur from a bygone era that has no hope of succeeding in the increasingly internet-run future. As a result, a major Wall Street hedge fund worth billions decided to make a bet that the company’s already low stock price would just keep going lower.