News & Events

Reddit and Elon Musk sent GameStop stock soaring. Why AMC and BlackBerry are next – Source CNET Tech


GameStop and BlackBerry stock has spiked in recent days. Here’s what’s going on.

Sarah Tew/CNET

On Monday morning, a bunch of Reddit users decided to play the market and push up stock for video game retailer GameStop — to nearly three times its average over the past several months. Then they started spreading their strategy to struggling movie chain AMC and once-popular smartphone maker BlackBerry, too. And it worked. So well, in fact, that the investing has even generated its own lingo and racked up a set…

Read More…

Source CNET Tech

Source link