Why Did Reddit Trigger a GameStop Stock Surge?

  • Thread starter russ_watters
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In summary, the reddit users successfully attacked Gamestop by buying the stock, while the hedge funds lost billions.
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I am not sure what 1Q sales tells us. They typically make money only in 4Q of a given year. Obviously, they are related, since if there isn't enough profit in the good quarter to make up for the losses in the other 3, that's a problem.

But its not really so complicated. It costs them 97 cents to bring in every dollar. That's too much out for too little in.
 
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