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AMC, GameStop stock go wild: Reddit’s ‘insane’ ‘train wreck”Ponzi scheme’ – Source CNET Tech


GameStop shares are on an epic roller coaster that’s pushed them to the stratosphere. But for how long?

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Many of today’s adults spent their youths in GameStop stores. They bought and sold consoles and games. They lined up for launches. Now some of those people have become rich buying the company’s stock and encouraging their friends on Reddit to buy it too. GameStop’s shares rocketed higher than ever expected in the past couple weeks, and all because activity between social media investors began pushing it up. Wall Street had bet heavily that the…

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Source CNET Tech

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