A group of new investors sharing tips on Reddit community called Wall Street Bets bought shares in GameStop, the video game retailer.<br />The investors, mostly aged between 20 and 40, hear that hedge fund Melvin Capital had shorted the stock, predicting then that it would go down. <br />Indeed, the hedge fund would say that the future of video game is online and not in store anymore.<br />The investors believed that they could make the stock go up and as the request for GameStop stocks rose, so did the price.<br />It created then a short squeeze, forcing those who bet against the shares to buy in to prevent losses, making the price rises even more.<br />Over the past six months, GameStop’s stock went from $5 to almost $500.<br />It’s a message to Wall Street and highlights how short sellers can make the difference.<br />It also shows how the stock market has evolved and the way it can impact a company.
