how Redditors played hedge funds for billions (and what might come next)
- Written by James Doran, Associate professor/Deputy head of school, UNSW
How does a small retail company that sells video games, worth less than US$400 million in the middle of 2020, become a US$10 billion company in less than six months? How does its share price climb from about US$20 on January 12 2021 to US$347 on January 27 – then fall back to US$193 the very next day?
The stunning price surge in GameStop...





