𝙶𝚊𝚖𝚎𝚂𝚝𝚘𝚙: 𝙰 𝚂𝚝𝚘𝚛𝚢 𝚒𝚗 𝟺 𝙲𝚑𝚊𝚛𝚝𝚜
Stock markets had a fascinating year of 2021, but no story eclipsed what happened in late January, when reddit’s r/wallstreetbets forum exploded into the mainstream, organizing a short-squeeze of hedge fund investors who were betting against beloved retailer GameStop.
Today r/wallstreetbets has more than 11 million members, but nothing since has gotten the r/wallstreetbets community as excited as GameStop did, with chatter on the forum way down on Jan / Feb levels.
As for GameStop itself, the company’s equity has held onto many of the gains, and is currently worth roughly $12bn, more than 10x what it was worth the year before.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
