GameStop, a well-known game store, faced financial troubles that led to major investors betting heavily against its stocks. However, a group of individual investors from Reddit, known for their disruptive tactics (often associated with wallstreetbets), decided to challenge the big players. Among the key figures was Roaring Kitty, who energized the community through his YouTube broadcasts until the stock price eventually plummeted by the end of 2021.
In a surprising turn of events, Elon Musk intervened by tweeting to support the cause, causing a significant shift in the market dynamics. Ultimately, the Robinhood exchange took drastic measures by disabling the buy button for GameStop (GME) stock, allowing only selling.
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