GameStop

GameStop is a retail company that sells video games and gaming gear. In early 2021, it became famous for a stock market phenomenon where individual investors on platforms like Reddit coordinated to buy its shares, significantly driving up the price. This caused substantial losses for hedge funds that had bet against the stock (short selling). The event highlighted the power of social media in finance and sparked debates about market manipulation, investing strategies, and the influence of retail investors versus institutional players. It also drew attention to the volatility and risks of the stock market.