Daily stock price of GameStop Corporation from January 1 to January 31, 2021 (in U.S. dollars) 400 350 330 250 200 150 100 50 0 Q '3? Q\" \"923' do\" \\i '39 99 399\" 929 69\"? '5\" Qyi s. x K. K. x x K. K, x x. s. rhbl fcarooacoraaac The above line chart is showcasing the swift increase of the stock price in the month of January, 2021. At the start of the month, the share price was $17.25. On, January 25, it went up to $76.79, and then almost doubling to $147.98 the next day. On January 27. the price skyrocketed to $347.51. which is an unprecedented rise 50 how can the sudden dramatic increase in prices be explained? The reason that this time , short selling group of people who met online throug in stock price going down is because of a eddit r/WallStreetBets. This subreddit is a d small-time investors who try to go against the feared professionals on Wall Street. Once they realized that hedge funds are trying to discussion forum for daring common peop short sell GameStop, these subredditors decided to band together, and started collectively buying the stocks, which drove the prices up, and is the main reason for the dramatic increase (Money Control 2021)