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Gamestop Shares Plunge As Traders Dump Stock | Gamestop

by theguardian.com posted 3weeks ago 6 views
Reddit-inspired surge in stocks such as struggling video games store and AMC dive as hedge funds close positionsShares in GameStop plunged by 65% in early trading on Wall Street as the trading mania sparked by small investors, that sent its stock surging and cost hedge funds billions of dollars, lost momentum.The struggling Texas-based video game store chain has been the focal point of a battle by small traders, using forums such as Reddit, to punish Wall Street hedge funds that have bet on certain stocks falling in value.

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