Opinion

How Redditors played hedge funds for billions (and what might come next)

By James Doran
February 1 2021 - 4:30am
GameStop shares exploded over recent weeks. Picture: Shutterstock
GameStop shares exploded over recent weeks. Picture: Shutterstock

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?

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