GameStop stock crashed, but Reddit still wants to send it to the moon. How and what’s next




When people in the Reddit community r/WallStreetBets began pushing up GameStop’s share price, establishment investors started losing billions and billions of dollars. Since then, GameStop’s shares have been swinging wildly, going from about $17 at the start of the year to $483 last week and then to $90 by the close of Monday’s trading. Shares rose slightly on Tuesday to close at $92.41, which is still down more than 80% from their highs last week.

Author(s): Ian Sherr

Publication Date: 4 February 2021

Publication Site: Cnet