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Andrew Ross Sorkin Breaks Down the GameStop Saga
The GameStop subversives rocked Wall Street and the whole investment world last week, as amateurs outwitted longtime professionals. Simply put: lots of hedge funds had bet against the struggling high street store, so when Reddit users shared tips and bought shares en masse, GameStop’s price rocketed up and set off a loss-making scramble among hedge funders. Andrew Ross Sorkin discusses this saga.
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