Organized Small Investors Plan to Crush Hedge Funds by Buying GameStop Stock

Organized Small Investors Plan to Crush Hedge Funds by Buying GameStop Stock
The Wall Street Charging Bull statue in New York City on July 23, 2020. Michael M. Santiago/Getty Images
Petr Svab
Petr Svab
reporter
|Updated:
News Analysis

A sizable group of small investors has threatened to bankrupt Wall Street hedge funds that have sought to profit from the downfall of the video game retailer GameStop. The investors have organized online to buy GameStop’s stock, forcing billions in losses on the establishment players that had bet on the company’s failure.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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