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The Big Squeeze

The Big Squeeze

What is happening to GameStop? The video game retailer has seen its stock soar more than 1000% percent in January, from around $17 to $469 at its height. Unlike other bubbles, GameStop’s stock is not rising because traders see potential in its operations. The video game retailer is widely considered a dinosaur in its industry, slated for inevitable extinction. The stock price is rising precisely because investors, namely hedge funds, bet on GameStop failing. These investors chose to short the stock.

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