Wednesday , April 21 2021
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Gamestop: meme-cry

It’s been posited by many great minds who have dabbled in Eastern philosophy that time is cyclical. From historian Oswald Spengler to Hermann Hesse, the German author favoured by wanderlust graduates, the view that the past is due to repeat can be found in a litany of texts over the past few centuries.Also: markets. At pixel time, Gamestop’s shares are trading at 2 in pre-market, that’s a return of 217 per cent in just over a day.A return of the January Wall Street bets “driven” Gamestonk trade then? Well, maybe. To be honest, we’re not exactly sure what’s going on except that some more people are getting really rather damn rich. Whether it’s the revolutionaries this time, however, remains to be seen.

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It’s been posited by many great minds who have dabbled in Eastern philosophy...

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FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

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