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Have Reddit users won the battle with Wall Street over Gamestop?
Posted
January 28, 2021
Views
11,336
Likes
213
Comments
69
Engagement
2.49%
January 28, 2021
11,336
213
69
2.49%
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1:36Now PlayingIf you're baffled by terms like “short squeeze” and “pump and dump” then think of this as a massive stock market gambling frenzy, pitting amateur traders against Wall Street professionals. (Subscribe)
Users of the social media site Reddit managed to push up the price of a loss making video games retailer called GameStop.
It has left hedge fund borrowers, who had essentially been betting against the firm's success, facing billions of dollars in losses.
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