ILLUMINATION
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ILLUMINATION

How The COVID Pandemic Set the Stage for the GameStop Short Squeeze

GameStop Short Squeeze in COVID-19 pandemic
Photo by Austin Distel on Unsplash

The COVID pandemic set the stage for a social media fueled short squeeze.

It’s hard to miss the fanfare around American games retailer GameStop and the Reddit fueled movement that lead to a short squeeze. Shares of GameStop have experienced a meteoric rise from about $18 at the beginning of January to $325 at the close on Friday.

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