Stocks across US and Europe that have been heavily shorted by hedge funds are being targeted
- GameStop: how Reddit amateurs outsmarted Wall Street’s short-sellers
- Tell us: have you invested in GameStop?
The army of small investors using Reddit to punish hedge funds hoping to profit from the failure of GameStop have taken their battle global, sending some stock prices soaring across the US, Asia and Europe.
The investors, who use online broker apps such as Robinhood and discuss stocks and tips anonymously on sites such as Reddit, are targeting stocks that have been heavily shorted by hedge funds that stand to lose billions unless their share prices fall dramatically.
