GameStop, a renowned game retailer, found itself in financial trouble, leading to significant short positions being taken by large investors anticipating its bankruptcy. However, a group of individual investors from Reddit, notably including Roaring Kitty, decided to challenge this narrative. Through his YouTube broadcasts, Roaring Kitty rallied the community, causing a surge in GameStop’s stock price until it eventually plummeted by the end of 2021. In a surprising turn of events, Elon Musk’s tweet broke a crucial resistance level, and Robinhood exchange responded by disabling the buy button for GME, allowing only selling. Stay updated on the latest technology news by visiting NEWSLINKER.
