GameStop has been losing money for years as sales of video games increasingly go online. Photo: Reuters
GameStop has been losing money for years as sales of video games increasingly go online. Photo: Reuters
Stocks

GameStop frenzy: how Reddit ‘nerds’ sparked a Wall Street bloodbath

  • Hedge funds face billions of dollars in collective losses after small investors push ailing company’s stock price from US$18 to as high as US$380
  • Regulators take notice amid concerns of that the stock market is in a dangerous bubble about to pop

Knowledge |   Wallstreetbets
GameStop has been losing money for years as sales of video games increasingly go online. Photo: Reuters
GameStop has been losing money for years as sales of video games increasingly go online. Photo: Reuters
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