began advocating for buying stock in the ailing video game retailer. In the last two weeks alone, GameStop stock has leapt by nearly 1,000% — from about $30 to over $325 per unit as of Wednesday afternoon. Here are the four reasons why Redditors are sending GameStop "to the moon":
But in the second half of 2020, with big financial names like Michael Burry and Ryan Cohen buying up shares in the ailing retailer, and new game consoles from Sony's PlayStation and Microsoft's Xbox, things started looking up. The company's share value gradually increased until it outright surpassed its pre-collapse value in late 2020.
Reason 1. Good future prospects. Reason 2. Turns out shorted to high heaven, Bonus. That was how it started, that was how it finished.
No, this article got it all wrong. Big hedge funds have been manipulating the stock mark since the beginning with almost no consequences. WSB is random people, there’s no organization at all. Poor people start making money off the rich so they immediately squash it. $GME to $1000
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