Memes, Reddit, and Robinhood: Analyzing the GameStop Saga/

The U.S. stock market got off to a turbulent start in 2021 when a Reddit group of casual traders suddenly drove up stock value for struggling video game retailer GameStop. Seemingly driven by both irony and a resentment toward the balance of power on Wall Street (which is traditionally dominated by...

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Bibliographic Details
Main Author:	Lawrence, Kelsey (Author)
Format:	eBook
Language:	English
Published:	London : SAGE Publications: SAGE Business Cases Originals, 2021.
Series:	SAGE Business Cases.
Subjects:	Economic development. Financial institutions. International business enterprises. International finance. Développement économique. Institutions financières. Entreprises multinationales. economic development. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	The U.S. stock market got off to a turbulent start in 2021 when a Reddit group of casual traders suddenly drove up stock value for struggling video game retailer GameStop. Seemingly driven by both irony and a resentment toward the balance of power on Wall Street (which is traditionally dominated by large hedge funds), the Redditors dramatically upset trading norms, forcing at least one hedge fund to seek a bailout and the popular trading app Robinhood to restrict trading on GameStop's stock. This case covers the general details of the frenzy and asks students to discuss potential long-term consequences.
Physical Description:	1 online resource : illustrations.
ISBN:	9781529775556 1529775558