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AMC, GameStop stock swings: Reddit’s ‘insane’ campaign becoming a ‘train wreck’ – Source CNET Tech

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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 has a story about. Today’s young adults spent their childhoods 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. All this activity between social media investors pushing the price up, and Wall Street betting the price down, has caused the stock to swing wildly. Jaime Rogozinski, the…

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Source CNET Tech

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