# Gamestop: 'Failing' firm soars in value as amateurs buy stock

**URL:** <https://forum.devtalk.com/t/gamestop-failing-firm-soars-in-value-as-amateurs-buy-stock/6353>\
**Category:** Blogs/Articles/Talks/Podcasts\
**Tags:** via-bbc-news-tech, in-the-news\
**Created:** [27 January 2021 20:26 UTC](https://forum.devtalk.com/t/gamestop-failing-firm-soars-in-value-as-amateurs-buy-stock/6353 "2021-01-27T20:26:13Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![CommunityNews](https://forum.devtalk.com/user_avatar/forum.devtalk.com/communitynews/32/1113_2.png) [@CommunityNews](https://forum.devtalk.com/u/CommunityNews)\
**Post date:** [27 January 2021 20:26 UTC](https://forum.devtalk.com/t/gamestop-failing-firm-soars-in-value-as-amateurs-buy-stock/6353/1 "2021-01-27T20:26:13Z")

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> **Shares in a US games company have soared more than 300% in the past week - the result of a fight between private and professional investors.**
> 
> Video games bricks-and-mortar retailer Gamestop is arguably something of a relic in a world moving online.
> 
> But its share price soared another 120% in Wednesday trading in New York.
> 
> Analysts blame tech-savvy young day traders, who they say are taking on hedge funds in a conflict with generational overtones.
> 
> And the phenomenon could be spreading to Europe, with several stocks subject to unusual fluctuations in Wednesday trading.
> 
> It’s a battle between Wall Street pros and upstart investors using social media platforms such as Reddit, analysts say. And at the moment, the upstarts have the upper hand.

> **[Gamestop: 'Failing' firm soars in value as amateurs buy stock](https://www.bbc.co.uk/news/business-55817918)**
>
> Shares in a games company have soared more than 300% - the result of a fight between private and professional investors.

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