GameStop shares fell to 60 per cent on Tuesday in New York in a further reversal of the recent blockbuster gains that grabbed attention far beyond Wall Street.
Investors on Reddit and other social media portals have banded together in recent weeks to snap up shares of GameStop, AMC and other struggling chains. Some of the institutions that thought the stocks would decline have now admitted defeat and walked away from those bets in a stunning reversal of financial power on Wall Street.
“No disruption is easy or happens in a straight line,” Cuban said in an “Ask Me Anything” discussion on Reddit’s WallStreetBets. “Stay with it. I am a believer.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: