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Reddit’s GameStop stock battle with Wall Street is turning into a war – Source CNET Tech

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GameStop’s and AMC’s stocks have spiked in recent days. Here’s what’s going on.

Sarah Tew/CNET

Wall Street investors have been betting that struggling video game retailer GameStop would fail for a long time. But over the past few months, a bunch of Reddit users have been pushing up the value of GameStop shares instead. At first, it was because they believed the company was better off than the Wall Street doubters believed. But as GameStop value has soared, Wall Street’s bad bets have cost the investors…

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Source CNET Tech

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