![]() Michael Lee, the managing editor of Crain’s Detroit Business, wrote a piece in Crain’s titled “In the game of life, a GameStop moment” about his conversations with his 18-year-old son Gavin, who is one of the new investors in GameStop as of last week. So, how long can it last?” asks Denham, adding that many people on Wall Street are holding their breath to see how this will turn out. In the last week, Denham says there has been extreme volatility, prompting many to ask what’s next. “The messaging among those investors is really to keep holding out because they view it as having a longer-term impact on Wall Street,” says Denham. According to Denham, the Reddit group is committed to highlighting the double standards in stock market manipulation. The WallStreetBets crowd seems keen on sending a message even after the explosion in the value of GameStop’s share. “They are largely anonymous, so there’s no way to actually know how experienced these investors are… But they see this as sticking it to the man,” says Denham on the Reddit group. She says it is hard to account for the WallStreetBets Reddit group’s makeup, but that most people seem to be retail investors rallying together to send a message to hedge fund executives. Hannah Denham is a Washington Post national business reporter. Listen: What you need to know about the GameStop saga. ![]() However, this unprecedented move isn’t without consequence and has instigated conversations around stock market activism, volatility and financial literacy. ![]() Many Reddit users and casual investors rejoiced in the quick shift in power dynamics, as hedge fund executives have long manipulated the market for their benefit with little consequence. The unlikely story of the GameStop surge is a classic David and Goliath tale. The stock peaked after an incredible 400% gain in value. All eyes have been on the stock market after a group of users on a Reddit message board, WallStreetBets, sent shares of the video game retailer GameStop soaring last week.
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