GameStop, a once-popular game store, found itself facing bankruptcy as large investors took advantage of the situation by heavily shorting its stocks. However, a group of small individual investors on Reddit, known as WallStreetBets, decided to take matters into their own hands and disrupt the game being played by the big players. One of the key figures in this saga was Roaring Kitty, who used his YouTube broadcasts to rally the community and drive up the stock price until it eventually crashed towards the end of 2021.
In a surprising turn of events, Elon Musk stepped in with a tweet that helped break a tough resistance, further fueling the frenzy surrounding GameStop’s stocks. To add to the chaos, the Robinhood exchange controversially disabled the buy button for GME, leaving investors with no choice but to sell their shares.
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