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Economy | 29 January 2021The GameStop Saga Isnít About Finance, Itís Part Of The Ongoing War Between Elites And Populists
For those who havenít heard, thereís a bit of a brouhaha brewing with the video game retailer GameStop, which is publicly traded. Much of Wall Street soured on the company, believing it to be the next Blockbuster or Radio Shack: a dinosaur from a bygone era that has no hope of succeeding in the increasingly internet-run future. As a result, a major Wall Street hedge fund worth billions decided to make a bet that the companyís already low stock price would just keep going lower.