Bringing It To Their Attention
A Reddit user called u/DeepFuckingValue posted a few times about how Gamestop was doing on the stock market. The value was only going up over time. He also talked about how its stock was underpriced for how much the company was worth. He then guessed what would happen next.
Bringing It To Their Attention
A Lot Of Money
Through his posts, other users got to see that his balance kept growing. It was like a self-fulfilling prophecy! Others began to buy shares and stock options, which only made the price go up even more. If you want to understand how much it grew, you only have to compare its price at the beginning and the end of January. On the first day of the month, a share was worth $18. Four weeks later, it was worth $325! The huge increase totaled nearly 2,000 percent. However, it did not come without consequence.
A Lot Of Money