Growth And Prospects

Digital Marketing Strategies

How Social Media can Affect Stock: GameStop and Reddit Case

Since Thursday the chief topic of Wall Street is GameStop – a video game retailer whose stock price dramatically exceeds what most people think of it. So, what happened in the stock market because of Reddit users? Reddit‘s users in a group called WallStreetBets noticed that hedge funds had taken a large short position in GameStop. They decided to punish…