The story behind the miraculous rise of GameStop is one of the wonders of the modern world. In this video, we are going to talk about everything you need to know about how Reddit and GameStop might have changed the investment business for good. So, hang on and don’t go anywhere.
GameStop is a video game retailer headquartered in Texas and is running 5509 stores throughout the US, Europe, Canada, New Zealand, and Australia. The most interesting fact about that company is, it was considered as having the most damned and outdated business model. It was valued at 3.25$ per stock a year ago but suddenly its stock price soared up to almost 8000% in just a few months. It closed at $145.60 and the very next day it jumped to $345 and on 29 January 2021, it closed at $193 with a high jump on 28 January with $469.42.