It looks like the end is near for GameStop’s meteoric ascent in the stock market.
After soaring to a record high of $483.00, shares in the troubled video game retailer are crashing down to earth.
The stock will settle the Tuesday trading session below $90, plummeting more than 60 percent.
It was fun while it lasted, but the party appears to be over.
But don’t tell that to Reddit’s Wall Street Bros, who are still holding the line and waiting for the stock to reach the glory days of January 2021.
You have to feel horrible for the investors who bought near the top and thought it was going to actually travel to the moon.
Now that many armchair traders have lost their rent money, the government will now have an excuse to impose regulations and say that these new rules are for your own good.
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