GameStop, once a popular game store, found itself facing bankruptcy as large investors took advantage of this by creating significant short positions on its stocks. In a surprising turn of events, a group of individual investors on Reddit, known as the subreddit wallstreetbets, decided to take matters into their own hands and disrupt the game being played by these financial giants.
Among the key players in this saga was Roaring Kitty, whose YouTube broadcasts helped rally the community and drive up the price of GameStop stocks. However, the price eventually plummeted by the end of 2021. In a twist of fate, Elon Musk intervened by tweeting about the situation, causing a stir in the market. Towards the end of this chaotic period, the Robinhood exchange controversially disabled the buy button for GameStop stocks, allowing only selling to take place.
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