GameStop, a popular game store, found itself in financial trouble leading to significant short positions being taken by large investors anticipating its bankruptcy. However, a group of individual investors from Reddit, notably including Roaring Kitty, decided to challenge this narrative and disrupt the status quo. Through his YouTube broadcasts, Roaring Kitty rallied the community until the stock price experienced a sharp decline towards the end of 2021. In a surprising turn of events, Elon Musk tweeted to support the cause, ultimately breaking a significant resistance level. In response, the Robinhood exchange controversially made the buy button for GME inactive, allowing only selling. Stay updated on the latest technology news by visiting NEWSLINKER.
