GameStop, once a popular game store, faced the threat of bankruptcy as large financial institutions took advantage of this and engaged in heavy short selling of its stocks. However, a group of individual investors on Reddit, notably including Roaring Kitty, decided to take action and disrupt the game being played by the big players. Roaring Kitty’s YouTube broadcasts helped to keep the community engaged until the stock price eventually plummeted by the end of 2021. In a surprising turn of events, Elon Musk intervened with a tweet that broke a significant resistance level. Towards the end of the saga, the Robinhood exchange controversially disabled the buy button for GameStop shares, leaving only the option to sell. Stay updated on the latest technology news by visiting NEWSLINKER.
