Up@dawn 2.0 (blogger)

Delight Springs

Thursday, January 28, 2021

The Whole Messy GameStop Saga in One Sentence

If you want it in a sentence, I guess it goes something like this: The GameStop saga is a ludicrous stock mania born of pandemic boredom and FOMO, piggybacking off of a clever Reddit revenge plot, which targeted hedge funds, who made a reckless bet on a struggling retailer—and it's going to end with lots of people losing incredible amounts of money...

https://www.theatlantic.com/ideas/archive/2021/01/why-everybody-obsessed-gamestop/617857/?utm_source=newsletter&utm_medium=email&utm_campaign=atlantic-daily-newsletter&utm_content=20210128&silverid-ref=NjgxNjYwNzgxODc0S0

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