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Description: GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street.

Source: NYTimes.com

Date: Jan 27, 2021

Link: https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html

Questions for discussion:

  • Why are shares of GameStop rising?
  • How do hedge funds stand to lose?
  • What does this experience illustrate about the stock market?
  • Do you think this publicity is good for the market?

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