GameStop, a popular game store, faced financial troubles leading to significant short positions being taken out on its stocks by large investors anticipating its bankruptcy. However, a group of individual investors on Reddit, known as wallstreetbets, decided to shake things up. Among them, Roaring Kitty stood out. With his YouTube broadcasts, he rallied the community until the stock’s value plummeted by the end of 2021. In a surprising turn of events, Elon Musk’s tweet helped break a major resistance, and Robinhood exchange controversially disabled the buy button for GameStop, allowing only selling. Stay updated on the latest technology news by visiting NEWSLINKER.
