Shares of video game retailer GameStop and movie theater giant AMC Entertainment soared to astronomical levels Wednesday as an apparent swarm of ordinary investors, spurred on by a Reddit message board, took on big Wall Street funds that had bet the stock prices would fall.
Democracy Dies in Darkness
GameStop, AMC shares surge after Reddit users lead chaotic revolt against big Wall Street funds
Users on online trading communities are claiming victory for wrecking costly hedge fund gambles those stock prices would fall
January 27, 2021 at 6:31 p.m. EST