Meanwhile: the Gamestop Furore

Published: Feb. 5, 2021, 11 a.m.

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The last few weeks have seen shares in Gamestop, a bricks and mortar games store that has seen declining sales over recent years, suddenly and dramatically increase in price. Initially puzzling, it quickly became clear that a sub-reddit had banded together to deliberately push the share price up in order to cause pain to professional investors who had begun to short the stock.

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Sophie Hope and Owen Kelly discuss the way that this has unfolded to date, and its resemblance to the first economic bubble: the Dutch tulip mania of 1637. They ask whether this amounts to the empowerment of the ordinary person or an invitation to reckless stupidity.

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