![]() ![]() This rise was caused by the popular Chewy CEO Ryan Cohen joining GameStop's board. The fiasco starts with a natural rise in GameStop's stock value just recently. It involves a YouTube video, an awkward prediction, a Reddit community trying to make a point, and a stock exchange phenomenon called a "short squeeze." As silly as it sounds, it may conclude with reported criminal activity. ![]() That GameStop's stock would rise significantly is in itself a surprise, but truly it's the story of how it happened that's most baffling. In completely off-the-wall news, Friday saw the stock price of struggling retailer GameStop leap a total of 69% before trading was halted.
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