February 14, 2021

happening

GameStop? Reddit? Explaining what’s happening in the stock market

Suddenly, Wall Street can’t stop talking about GameStop, a video game retailer whose stock price is popping far beyond what most people think it’s worth.

Here’s a guide to understanding why and what the frenzy means for the stock market.

Why is everyone talking about GameStop?

The simplest answer is that its stock price has skyrocketed — by somewhere around 8,000 percent over six months. The more complex answer is that its stock has become the central game piece in a financial power struggle between a major hedge fund, Melvin Capital, and a group of amateur stock traders who

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