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The GameStop Stock Phenomenon: A New Era of Market Volatility and Retail Power
The Rise of GameStop: From Obscurity to Iconic Short Squeeze
Just a few months ago, GameStop was largely a forgotten name—a brick-and-mortar video game retailer with a modest presence in the market. Its shares hovered just a few dollars, barely noticeable in the bustling world of equities. However, by late January, this modest company was thrust into the spotlight, with its shares soaring over 1,000%. At the peak, GameStop's stock price surged past $480, captivating the attention of investors worldwide and igniting a financial spectacle that would be remembered for years to come.