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Costly short squeeze makes Reddit required reading on Wall Street
Plenty of experts have bet against GameStop, so its stock has been dropping over the last few years. But then reddit users decided to buy it, leading to a big short squeeze, multiplying its value by over factor 100 in a year, and a factor 8 in the last week alone. That's the most prominent example, but many other stocks have changed a lot based on reddit discussions, too.
Plenty of experts have bet against GameStop, so its stock has been dropping over the last few years. But then reddit users decided to buy it, leading to a big short squeeze, multiplying its value by over factor 100 in a year, and a factor 8 in the last week alone. That's the most prominent example, but many other stocks have changed a lot based on reddit discussions, too.
