Three reasons why the GameStop saga couldn’t have unfolded outside the US ...Middle East

Economy by : (Quartz) -
From an all-time high of $347.51 in late January, GameStop shares have started to slide. It seems to signal the waning stages of a tumultuous ride, in which retail investors on Reddit boosted the stock, trying to squeeze short-sellers who were betting against the company. The brief, heady rally made traders sit up and buy GameStop stock the world over. That prompts the question: Could a saga like GameStop ever occur in any other country?Not likely, experts said—for three main reasons.America’s fondness for the shortRead the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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