GameStop’s last stand? Reddit-fueled stock boom winds down as much-memed stock dips below $100 ...News

After a fierce tug-of-war between hedge funds and amateur traders drove the share price of video game retailer GameStop through the roof, squeezing billions of dollars out of big-time investors, the price is beginning to sink. GameStop (GME) dropped as much as 60 percent on Tuesday, dipping below $100 as the Wall Street and mainstream media measures aimed at ‘stabilizing’ the frenzied trading of the past week began kicking in. Day traders have been unable to use the popular app Robinhood to trade GME and a handful of other hot stocks, giving the hedge funds who played the villain in the story a chance to cut losses in some of their mor

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GameStop’s last stand? Reddit-fueled stock boom winds down as much-memed stock dips below $100 ...News

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