IIt’s hard to underestimate the significance of the GameStop short squeeze that took place in 2021. This was the first time in many years that one stock received so much attention and took the world by storm.
The GameStop short squeeze was truly unprecedented. The idea that a group of retail traders, organized by social media, could help move the price of a stock from under $20 a share to over $350 a share, in just a few weeks, is a riveting story.
It’s a tale that will be talked about for years to come and it highlights the impact that retail investors really can have on the market. Plus, the Gamestop short squeeze is only one example of meme trading that we have seen over the last few years.