CommunityNews

CommunityNews

Gamestop: 'Failing' firm soars in value as amateurs buy stock

Shares in a US games company have soared more than 300% in the past week - the result of a fight between private and professional investors.

Video games bricks-and-mortar retailer Gamestop is arguably something of a relic in a world moving online.

But its share price soared another 120% in Wednesday trading in New York.

Analysts blame tech-savvy young day traders, who they say are taking on hedge funds in a conflict with generational overtones.

And the phenomenon could be spreading to Europe, with several stocks subject to unusual fluctuations in Wednesday trading.

It’s a battle between Wall Street pros and upstart investors using social media platforms such as Reddit, analysts say. And at the moment, the upstarts have the upper hand.

This thread was posted by one of our members via one of our news source trackers.

Where Next?

Popular Game Dev topics Top

New
New
First poster: bot
Graham Carroll was racing his BMW touring car around the Interlagos race track in Brazil at speeds of up to 250km/h (155 mph). For the 3...
New
First poster: bot
Little Red Dog Games is an indie game developer that primarily uses Godot to create games such as Deep Sixed , Precipice , and their late...
New
First poster: bot
TETRIS is a popular video game in which you try to fill rows in a rectangular well using a sequence of tetrominoes chosen by the machine....
New
First poster: bot
Trippy trailer, fun demo have us excited for Tetris Effect publisher’s May game.
New
RobertRichards
As of now, the online casino game industry has registered an impressive revenue size of over $87.91 billion which will witness a massive ...
New
RobertRichards
Despite experiencing the hassle-free purchasing benefits of online shopping, people have not stopped visiting physical retail outlets. As...
New
RobertRichards
Possibilities in the ecommerce market are steadily increasing with rapid digitization and the surge in technology-proficient users. At pr...
New
RobertRichards
Game development involves a blend of creativity and high-end technologies to obtain the best outcome. Right now, Unity game development i...
New

Other popular topics Top

Devtalk
Reading something? Working on something? Planning something? Changing jobs even!? If you’re up for sharing, please let us know what you’...
1063 23050 405
New
Rainer
My first contact with Erlang was about 2 years ago when I used RabbitMQ, which is written in Erlang, for my job. This made me curious and...
New
PragmaticBookshelf
From finance to artificial intelligence, genetic algorithms are a powerful tool with a wide array of applications. But you don't need an ...
New
New
AstonJ
In case anyone else is wondering why Ruby 3 doesn’t show when you do asdf list-all ruby :man_facepalming: do this first: asdf plugin-upd...
New
DevotionGeo
The V Programming Language Simple language for building maintainable programs V is already mentioned couple of times in the forum, but I...
New
New
CommunityNews
A Brief Review of the Minisforum V3 AMD Tablet. Update: I have created an awesome-minisforum-v3 GitHub repository to list information fo...
New
PragmaticBookshelf
Fight complexity and reclaim the original spirit of agility by learning to simplify how you develop software. The result: a more humane a...
New
xiji2646-netizen
Woke up to this today: Claude Code’s complete source code exposed via npm source map. Not a snippet. All 512,000 lines. 1,900 TypeScript ...
New