If you haven’t heard the tale of GameStop over the last few weeks, hold onto your hats (and perhaps ask your kids, or grandkids).
It’s a tale of revenge on Wall Street, the triumph of social media over big capitalism, and some people made (while others lost) a lot of money.
So what is it and does it impact me? Click here to find out more.
If you are interested in some of the details about it, there is a really good article by Matt Levine of Bloomberg. It’s long but easy to read. Click here.
There’s also the story here of one of the people on Reddit who literally bet his house (deposit) on this company. His story is an interesting insight into how social media helped bring this about. Click here
Hold onto your hats.