Trivia Question: Reddit users recently collaborated to raise the price of the stock with which symbol?
The answer is: GameStop
Answer: GameStop is the world’s largest video game retailer, operating over 5,500 retail stores worldwide. The company stock price has struggled in recent years due to the shift of video game sales to online storefronts. However, in January 2021, the stock price skyrocketed by nearly 2,000% due to a short squeeze orchestrated by an army of amateur traders organized on the Reddit community r/wallstreetbets, a subreddit dedicated to high-risk stock bets.