Well, did we? Or more specifically, did an old post from Jamie Powell help bring about the deathly squeeze on Melvin Capital et al?Consider this nugget from Sheelah Kolhatkar’s fabulous tick-tock on the GameStop phenomenon in The New Yorker last month . . . In the next few days, Herdman monitored the online chatter about GameStop. He was convinced that the price would continue to climb. He’d read about previous instances when large numbers of small investors had organized online and caused a stock to rise, such as in 2008 with Volkswagen, which had quadrupled in price in two days.Now consider this chart: That’s Gamestop share price action since December, overlaying FT Alphaville’s readership metrics over the same period for one particular post. This post.And, you
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Well, did we? Or more specifically, did an old post from Jamie Powell help...