In January, everyone was talking about GameStop. The video game retailer's stock skyrocketed from just over $3 in early 2020 to over $350 in January 2021. The rise was driven, in large part, by small investors who communicated on a Reddit forum called r/wallstreetbets. Many of these investors used no-cost trading apps like Robinhood to acquire shares of GameStop and other so-called "meme" stocks.
GameStop revisited
In January, everyone was talking about GameStop. The video game retailer's stock skyrocketed from just over $3 in early 2020 to over $350 in January 2021. The rise was driven, in large part, by small investors who communicated on a Reddit forum called r/wallstreetbets. Many of these investors used no-cost trading apps like Robinhood to acquire shares of GameStop and other so-called "meme" stocks.
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