GameStop, the video game retailer, has had a rollercoaster month, with its stock price rising more than 8,000% at one point.
However, its share price, which hit a high of $347 last week, is finally starting to drop and opened at about $91 on Thursday.
The battle between Wall Street hedge funds and Redditors — which has even commanded attention from the presidential administration — has generated a lot of questions about the nature of stocks themselves.
Several of our readers wrote in with questions about how this event could impact the average American and the purpose of short selling. Read the full article to have some of the ones unpacked, including the interview of Prof. David Yermack, teaching faculty of FinTech module of MSGF program.
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