Dumb Money: Unpicking the GameStop saga
Shares in GameStop, the video game store, experienced a dramatic rise in early in 2021. The stock had captured the imagination of many individual investors who heard about it on social media platforms such as TikTok and Reddit. Some investors made a lot of money, while some hedge funds, who had bet against the stock, lost billions. Eventually, though, GameStop shares crashed back to earth and many investors lost the lot. The story has been dramatised by Hollywood in ‘Dumb Money’, currently screening
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