But generally, most of the efforts to pull a concrete meaning out of GameStop fall flat
There have been all sorts of efforts to ascribe some bigger takeaway to the GameStop story – perhaps it was a populist uprising or a sign that there was something very broken in the market. It was a relatively ephemeral incident where, as is often the case in investing, there were some winners and some losers. GameStop’s stock price has remained relatively high, compared where it was before , because enough https://cashcentralpaydayloans.com/payday-loans-fl/ investors have stuck around to keep it there.
GameStop has come to epitomize an era of meme investing, where ordinary investors are piling into stocks and cryptocurrencies and digital assets not necessarily because they believe in the underlying value of the thing they’re buying (though some do) but instead because it just seems like a thing to do. Dogecoin or NFTs or stock in theater chain AMC get popular online or in their social circles, and they turn around and think, why not?