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GME
(GameStop Corporation)
GME (GameStop Corporation) became the poster child of the 2021 meme stock phenomenon, where retail investors on Reddit's WallStreetBets forum drove its price up 1,700% in weeks, triggering a short squeeze that cost hedge funds billions.
The GME saga highlighted P2P investing power, with amateur traders using commission-free brokers like Robinhood to outmaneuver institutional shorts. At its peak, GME reached $483/share (now ~$25 in 2023). The event sparked SEC investigations, congressional hearings, and new discussions about FOMO investing. GameStop itself pivoted to e-commerce under activist investor Ryan Cohen. The "DIAMOND HANDS" mentality during GME's volatility entered investing folklore.
The GME saga highlighted P2P investing power, with amateur traders using commission-free brokers like Robinhood to outmaneuver institutional shorts. At its peak, GME reached $483/share (now ~$25 in 2023). The event sparked SEC investigations, congressional hearings, and new discussions about FOMO investing. GameStop itself pivoted to e-commerce under activist investor Ryan Cohen. The "DIAMOND HANDS" mentality during GME's volatility entered investing folklore.