Publisher's Synopsis
Against the backdrop of declining retail brick and mortar stores, the COVID-19 pandemic and an uncertain outlook for physical game demand, the price of GameStop stock was under pressure. When new board members joined the company vowing to take GameStop into the future and reddit traders noticed that hedge funds had been shorting the stock to extreme levels, retail investors continued to buy. By the end of January there had been a massive run up in the price which resulted in a series of congressional hearings where details behind the scenes of capital markets, broker-dealers, investors, hedge funds and market makers were laid bare as never before. This book describes the colorful characters involved along with sections on video game history, equity markets and options trading, the stock price runup and suggestions for reform from the perspective of someone who was there.
