The Internet Is Having A Field Day With The GameStop Stock Situation Darryn Bonthuys Video game retailer GameStop has been in the news all week, as a hedge fund attempt to "short" stock and make a quick buck met unlikely resistance in the form of subreddit group r/wallstreetbets. Users of the social media platform decided to throw their weight behind GameStop, bought up as much stock as they could, and in turn managed to drive up the value of the company while costing hedge funds billions in the process. This resulted in a turbulent week on the stock exchange, as short-seller Citron Research and r/wallstreetbets exchanged verbal blows, investment app Robinhood temporarily stopped users from trading GameStop stock, and the White House began officially "monitoring" the situation. Continue Reading at GameSpot https://ift.tt/eA8V8J

Video game retailer GameStop has been in the news all week, as a hedge fund attempt to "short" stock and make a quick buck met unlikely resistance in the form of subreddit group r/wallstreetbets.

Users of the social media platform decided to throw their weight behind GameStop, bought up as much stock as they could, and in turn managed to drive up the value of the company while costing hedge funds billions in the process.

This resulted in a turbulent week on the stock exchange, as short-seller Citron Research and r/wallstreetbets exchanged verbal blows, investment app Robinhood temporarily stopped users from trading GameStop stock, and the White House began officially "monitoring" the situation.

Continue Reading at GameSpot

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