How a Reddit shuts Down Hedge Fonds — GME Update

Maximilian Perkmann
ILLUMINATION
Published in
4 min readJan 26, 2021

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Actually, the future of GameStop does not look so rosy; last year, the company’s share price was at the bottom. Many investors had bet on its decline, but the stock recently reached its all-time high. The main reason: A Reddit community.
Some speak of stock market manipulation, others of YOLO investment.

Logo of r/wallstreetbets — r/wallstreetbets

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Maximilian Perkmann
ILLUMINATION

Blogger, Product Manager, tech and financial enthusiast. Minimalist and climber 🚀