What’s Happening With GameStop Stock & Robinhood? Let Margot Robbie Explain
She Knows-Entertainment·2021-01-29 05:00
So, you want to know what’s going on with GameStop. As 2015’s The Big Shortshows us, there’s a reason that skimming a few headlines isn’t making the situation clear for you: “Wall Street loves to use confusing terms to make you think only they can do what they do” a voice-over notes in this drama about the 2008 financial crisis. But this week, Reddit thread r/WallStreetBets proved that wrong as they decided, en masse, to buy a number of steadily-decreasing stocks like GameStop and AMC (others included Nokia, Naked Brand Corp, and Blackberry). With this increase in demand, stock prices surged overnight — and short-selling hedge funds and investors lost big. Did I lose you again? Don’t worry, that’s where Margot Robbie’s bathtub scene comes in.
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