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AMC, GameStop stock go wild: Reddit’s ‘insane’ ‘Ponzi scheme’ can’t last – Source CNET Tech


GameStop shareholders are watching piles of cash come in. But for how long?


GameStop is one of those stores nearly every gamer has a story about. And for good reason. A lot of today’s young adults spent their youths in the company’s stores, lining up for new consoles, as well as buying and selling used video games. Now some of those people are making a fortune buying the company’s stock and cheerleading their friends on Reddit to buy it too, causing the stock to swing wildly like never before.

Though GameStop itself hasn’t fundamentally changed much in the past month, its…

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Source CNET Tech

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