GameStop’s stunning reversal leaves $18bn hole
07 February 2021 - 16:33
New York — Even with Friday’s bounce, GameStop wrapped up its worst week on record as a stunning reversal of fortune wiped out $18bn from the video-game retailer’s stock-market value.
The stock fell 80% in the last five days, its worst weekly performance on record, to $63.77 in New York. The 19% gain on Friday after Robinhood Markets removed buying limits still left it far below last week’s high of $483 as retail trader demand and excitement across platforms like Reddit simmered...
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