The GameStop stock saga, explained
How Reddit used video game retailer GameStop to take Wall Street for a ride, and what it says about who gets to control the markets.
Shares of the video game retailer GameStop soared by 1,000 per cent in less than two weeks, thanks in part to a popular subreddit called r/WallStreetBets. This, at the expense of several Wall Street investment funds that bet against GameStop and lost billions of dollars.
Today on Front Burner, business reporter Pete Evans is here to explain the GameStop saga, and what it reveals about the stock market writ large.