AFAIK wrote:@B0ycey I'm guessing investors feel Gamestop will be out of business within 3 years as sales move online so maybe forcing Gamestop to buy their shares is the best exit strategy.
Indeed. In fact it is the trend. Buying video games, DVDs and things like that has been moving online for a while now. Unless Gamestop move with the times it seems destined to fail. Which means those playing this silly little game are also destined to lose. Or the one who played late anyways. So perhaps you are right about Wallstreets plans. But it is legal and if the shareholders had voted to sink the titanic those who financed Gamestop would have lost. Which means there needs to be legislation on this to stop if from happening.
It may well be a contradiction in Capitalism but until the government stop taking Wallstreet cash, we can expect the fallout of these practices in the next crash.