EDITORIAL: This is a financial riot
Retail trading bros are going after the financial establishment — and this time it’s personal
01 February 2021 - 05:04
Just when you thought surging financial markets couldn’t get any harder to fathom they produce GameStop, a US video game retailer whose share price jumped more than 1,900% year-to-date at one point last week.
The big news wasn’t so much the rally but its cause: an army of retail traders who had deliberately run up the stock in an effort to squeeze out short sellers...
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