You must live under a rock if you haven’t heard the story about GME stock, but just in case you haven’t heard the news, here is a very brief summary of what happened.

Melvin Capital, a big hedge-fund, was engaged in short-selling stock of Gamestop, a company that did very well as a brick and mortar retailer in malls about 20 years ago, but was struggling in the digital game era. Short-selling means the hedge fund was borrowing GME stock to sell, betting the company’s worth would continue to drop, and then would purchase those shares back at a lower…

B. Guggenheim

Writer, journalist, analyst, and editor. I have too many emotions and not enough sleep.

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