There’s No Reddit Party for Bonds
Beyond Meat isn’t letting GameStop have all the fun, though.
So is there a limit on this thing or what?
Photographer: Paul Taggart/Bloomberg
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GameStop Corp. shares were up again on Tuesday, more than 3,000% higher than they were priced a year ago. Have the gaming fans who missed out on another “overbought” item — the elusive PlayStation 5 console — simply found another way to entertain themselves during quarantine? Or are they right in betting that the entrepreneur behind an online pet-food company can transform GameStop into … whatever he thinks he can transform GameStop into? In any case, Reddit users have essentially turned investing into a game of Mario Kart, tossing banana peels at short sellers and helping each other dodge blue shells that could blow up their winning positions.