Gamestop, the mall chain selling video games and consoles in the age of Amazon Prime had a 52-week high stock price north of $400. How does that make sense? WE HAVE NO IDEA. In today's episode, we do the first of a monthly series called Things We Don't Understand. This week we talk about Wall Street Bets, Gamestop, and how much, or how little, the overall stock market makes sense.
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Sources
Planet Money: https://www.npr.org/2021/01/25/960454567/cant-stop-gamestop
Make Me Smart: https://www.marketplace.org/shows/make-me-smart-with-kai-and-molly/
The New York Times: https://www.nytimes.com/2021/01/29/business/dealbook/robinhood-fundraise-customers.html
Photo Credits The Verge