Reddit Users Got in a Day Trading War and Pushed GameStop Stock Up Around 69%
These people REALLY like their video games and where they get ‘em.
GameStop fans on Reddit pushed it’s stock so high the stock was paused in trading four times.
A short-seller called Citron Research was banking on pushing the stock of the video game outlet down, and GameStop fans on Reddit bought so much of the stock during day trading that GameStop Corp ended up with an 83% gain through Friday.
This is more than DOUBLE the week before and is the most volatile 10-day period on record.
It rose to $65.01 on Friday, and was at one point the most actively traded U.S. company with a market value above $200 million.
Reddit users bet on GameStop so hard that one commenter even remarked he was relying on it to pay his student loans.
Don’t come after the internet’s video game supplier Wall Street. They will come for you!
Lord help the stock market if PewDiePie ever gets a stock on the market.
With his network of fans on YouTube, Reddit, and everywhere else, he could have a digital army day trade the price to infinity!
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