I get it, the story of how Redditors banded collectively to extend the worth of GameStop’s inventory is complicated. So we tapped enterprise journalist Mike Futter, creator of the GameDev Business Handbook and co-host of the Virtual Economy Podcast, to assist us break all the pieces down on the Engadget Podcast. He explains precisely how a bunch of day merchants had been in a position to affect GameStop’s market worth, and power hedge funds to take a significant loss. Additionally, we chat with a member of R/Wallstreetbets, the discussion board the place this fiasco kicked off, for some helpful on the bottom context.
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