, AMC, GameStop stock roller coaster: Reddit’s ‘insane’ ‘Ponzi scheme’ can’t last – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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AMC, GameStop stock roller coaster: Reddit’s ‘insane’ ‘Ponzi scheme’ can’t last – Source CNET Tech

, AMC, GameStop stock roller coaster: Reddit’s ‘insane’ ‘Ponzi scheme’ can’t last – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

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


Angela Lang/CNET

GameStop is one of those stores nearly every gamer’s spent time in. Today’s young adults spent their youths in the company’s stores, buying and selling consoles and video games. Now some of those people have made a fortune buying the company’s stock and cheerleading their friends on Reddit to buy it too, causing the stock to swing wildly. On Thursday alone, it hit all-time highs of $492.02 per share, only to more than halve a minute later.

Though GameStop itself hasn’t fundamentally…

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Source CNET Tech

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