While easy money was flowing, games and entertainment retailer GameStop Corp. (GME) was at the center of an unprecedented hype created by retail investors on social media forums. The stock market and the economy have been navigating rough waters since last year, so we wanted to examine the prospects of this fundamentally weak stock.
The hype created by an army of amateur traders in 2021 had less to do with the fundamentals of the company and more to do with the excitement of trading and a desire to short-squeeze professional speculators who were betting against it.
