Day: January 28, 2021

What Is Going on With GameStop? Meme Stocks Explained.

5 min read

This story originally appeared on PCMag

Did you wake up this morning, check the news, and have FOMO about not buying GameStop stock, but also had no idea what was actually going on? Us, too.

GameStop has had a rocky time of things for the past few years and particularly during the pandemic, when it has had to shutter stores and saw its stock price plummet. Until yesterday, that is, when its stock price rose astronomically thanks to Reddit.

We had questions and you probably do, too, so let’s see if we can answer some.

Something has happened with GameStop stock.
According to my Twitter feed, it seems that way, yes.

Redditors on the r/wallstreetbets subreddit (bio: Like 4chan found a Bloomberg terminal) banded together to buy GameStop stock to inflate the price, make a huge profit for themselves, and thus destroy

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