GameStop, r/WallStreetBets and the stock trading frenzy, explained


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US-based video games retailer GameStop found itself at the center of a trading frenzy this week, causing its share price to rise from $18 at the start of the month to more than $450.

The market mania has been fuelled by a community of amateur traders on Reddit, whose goal is to drive up the share price and apply pressure on short sellers, who had bet against the company.

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