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


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

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Many of today’s young adults spent their youth in GameStop stores. They lined up for launches. They bought and sold games and consoles there too. Now some of those people have made a fortune buying the company’s stock and encouraging their friends on Reddit to buy it too. GameStop’s stock rocketed higher than ever expected, and all because activity between social media investors began pushing it up. Wall Street had bet heavily that the price would fall, leading the stock…

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Source CNET Tech

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