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GameStop Stock Plummets But ‘Reddit Rebellion’ Sparking War On Big Money Investors

Posted on AllSides February 2nd, 2021
From The Right

Video game retailer GameStop is still struggling to stay afloat despite a Reddit-driven stock surge that drove the companies shares up 400% last week, and the store chain anticipates millions of dollars in losses when its first-quarter earnings report emerges, but financial analysts now say the GameStop “short squeeze” set the stage for much larger battles.

“The short squeeze last week that propelled GameStop (GME) and other momentum investments popular with the Reddit crowd now appears to be on hold. GameStop plunged nearly 50% Tuesday while AMC (AMC), silver prices,...

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