![]() A case for why the share price was about to soar came later in the form of a post aptly titled “Bankrupting Institutional Investors for Dummies, ft GameStop.” Members of the subreddit r/WallStreetBets, known for pumping stock prices of cult names like Tesla, started a bull case for GameStop about twenty-one months ago when one member included in a post that the company's valuation “does not reflect the current earnings power,” Bloomberg News reported. But these institutional investors seemed to ignore a threat bubbling up from a very specific corner of the Internet. The video game retailer recently attracted the attention of short sellers - hedge funds and investors that bet on a company’s share price dropping - thanks to layoffs and dwindling sales. Can an army of everyday traders on Reddit win a war against Wall Street? Yes, if you look at GameStop’s soaring stock.
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