GameStop - Page 2

GameStop is a retail company that operates a chain of video game, consumer electronics, and gaming merchandise stores. Founded in 1984, it is primarily known for selling new and used video games, consoles, and accessories. GameStop gained significant media attention in early 2021 due to a stock market phenomenon involving a massive surge in its stock price, driven in part by retail investors on platforms like Reddit, who coordinated buying efforts to challenge large hedge funds that had short-sold the stock. This event highlighted issues of market volatility, the power of social media in influencing stock markets, and debates around trading practices.