News & Events

Ponzi scheme? Reddit’s making AMC, GameStop stock go ‘insane’ – Source CNET Tech

Stacks of coins on a slate with mathematical equations

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

Getty Images

Many of today’s adults spent their youths in GameStop stores. They bought and sold games there. They lined up for console launches, too. Now some of those gamers are rich after 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…

Read More…

Source CNET Tech

Source link