You’ve seen the news, you’ve heard there’s something really special going on in the finance market.
GameStop, an American video game retailer, has been struggling lately, especially during the pandemic, so its share price was low. Wall Street saw this as an opportunity—they bet on the decline of the company’s stock.
However, in an attempt to stick it to the man (and make some money in the process) small investors who belong to the subreddit r/WallStreetBets, got together and bought so much of GameStop shares, its price went through the roof.
Of course, the situation is far more complex, with plenty so social and economic factors in play. So a member of the subreddit, redditlurker2001, posted a brilliant analogy, explaining the whole situation in simple terms.
Just one day ago, one Reddit user posted a brilliant analogy so that everyone would have a way of explaining the messy situation to their friends and family
Image credits: Iain (not the actual photo)
Image credits: redditlurker2001
Here’s what people have been saying after going through the post
The post "If Your Friends And Family Are Wondering Why You're Buying GME At 0, Maybe You Can Explain It To Them Like This" first appeared on Bored Panda.
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