CNN: How bad bets on meme stocks led to a $1 billion wipeout

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argonautweakend posted...
the funny thing about gamespot is, at least to me, I haven't been in one in ages, but I remember they are kind of just a funk pop business with a little video games on the side now. Like, people were shorting gamestop because it didn't appear to have much value. People caught wind of this and people bought a bunch of gamestop stock, inflating the value. But who actually cares about gamestop? I only ask because whatever the trading price of gme stock is, it's more divorced from the reality of the business itself than most stocks.

Truth is, I actually have been shopping at GS more frequently in the past couple years, but mostly to buy gaming kitsch and not actual games...
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