GameStop Stock Surge Displays the Preposterousness of the Stock Market
- Published in News & Comment
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GameStop is a troubled video-game store, which has made it a target by the large hedge funds that have betted against it in a process called short selling or “shorting”. Shorting is an investment that speculates on the decline in a stock’s price. The big bets of the financial giants of Wall Street, however, that GameStop’s stock would fall went wrong, leaving them facing billions of dollars in collective losses.
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