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3 Hits Favour Feb 4, 2023, 8:31 AM Feb 4, 2023, 8:31 AM
The "Gamestop Shock" refers to a situation in late January 2021 where individual retail investors, organized on the internet through Reddit's r/wallstreetbets community, bought large amounts of stock in GameStop, a struggling video game retailer. This caused the stock price to soar, putting significant financial pressure on large hedge funds who had bet against the company's stock. The events gained widespread media attention and sparked debates about the power of social media, the fairness of the stock market, and the role of retail investors.
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