A customer holds a GameStop shopping bag inside a store in San Francisco.
David Paul Morris | Bloomberg | Getty Images
Wall Street has been watching GameStop in awe as a band of Reddit-obsessed retail investors managed to push the stock up 1,500% in two weeks, squeezing out short-selling hedge funds.
A wave of at-home traders found each other on the red-hot “wallstreetbets” Reddit chat room, whose members have ballooned to over three million. By motivating each other to keep piling into shares and call options, they coordinated a monstrous short squeeze in the brick-and-mortar video game retailer.
“Retail investors with the help of technology acting as a union in attacking is a new…