GameStop’s stock price has plummeted by 60 per cent as Reddit investors cash in on the investment bubble that threatened to reverse traditional power roles on Wall Street.
The ailing electronic and video game store is currently trading at US$90 a share, down from the meteoric highs of US$347.51 just one week ago.
For context, before Reddit’s r/WallStreetBets got their hands on the stock, it was trading at a lowly US$18.
No matter what happens next to shares of GameStop and AMC or the price of silver, average Joes and Janes are now an undeniable force to be reckoned with on Wall Street.
The short squeeze last week that propelled GameStop and other…
