GameStop, a popular game store, faced financial troubles that led big investors to take significant short positions on its stocks, anticipating its bankruptcy. In response, a group of individual investors on Reddit, known as wallstreetbets, decided to challenge this narrative. Among them was Roaring Kitty, who maintained the community’s spirit through his YouTube broadcasts until the stock price plummeted by the end of 2021. In a surprising turn of events, Elon Musk intervened with a tweet that helped break a key resistance level. Eventually, Robinhood exchange restricted the buy button for GME, allowing only selling. Stay updated on the latest technology news by visiting NEWSLINKER.
