Tag Archives: Gamestop

Wall Street mayhem: GameStop & the short squeeze

By Bryce Callaway, Socialist Alternative (our sister organisation in the US) The ruling class and its corporate media have always tried to convince working people that if the stock market is doing well, so are you. The year 2020 starkly revealed, amongst many other issues about our society under capitalism, that this was a complete lie. While working people lost ...

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Stock market gambling & GameStop: The billionaires own the casino

By Conor Tormey The price of shares for GameStop went up 700% in the past week due to what people have called a “bloodbath” with small investors, organised through a subgroup on Reddit, going against a Wall Street hedge fund’s prediction that the GameStop stock would fall.  GameStop has had massive losses in the past few years with the rise ...

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