For the past few days GameStop, the beleaguered retailer that’s seen its share price skyrocket under the influence of a Reddit mob attempting the mother of all short squeezes, has dominated the text group I have with a handful of high school friends. Not usually a crew for deep-dives into finance, we’re suddenly following every twist of the saga. I suspect we’re not alone. While a slice of the world is dissecting the logic of r/WallStreetBets or analyzing the deeper meaning of it all (of which there is plenty and also none), the rest of us who aren’t foolishly joining the pile-on are just giddy spectators.

Read full article