GAMESTOP’S SAGA MAY BE OVER; ITS EFFECT ON WALL STREET ISN’T
The frenzy around GameStop’s stock may have quieted down, but the outsized influence small investors had in the saga is likely to stick around.
No one expects another supernova like GameStop to happen again, where a band of smaller-pocketed investors helped boost a struggling company’s stock 1,000% in two weeks. But the tools they employed can be used again and again, if those smaller investors stay connected on social media forums and if regulators don’t change the rules to hinder them.
These smaller players, called “retail investors” in the industry to differentiate them from hedge funds and other big firms, are using many of the same tactics as the professionals, after all. And
