Wallstreetbets Quick Story! The Story of How Average Joe's Squeezed Gamestop and Wall Street into Submission!

Wallstreetbets Quick Story!: The story of how average Joe's squeezed GameStop and Wall Street into submission! 

Now that you are acquainted with the terms and concepts involved in the issue, you have the tools to dissect it. You only need to get to know the entities involved in the short squeeze episode of 2021. 1. GameStop GameStop Corp. is the world's largest video game and related merchandise retailer by the sheer number of its retail stores. The company has stores in several countries in the North American, Australian, and European continents as well as New Zealand.The stores are run by the GameStop Corporation and operate under the brand names of GameStop, EB Games, ThinkGeek, and Micromania-Zing, of which ThinkGeek and GameStop retail stores are more popular to gamers.

The story of GameStop as a businessGameStop had a relatively humble beginning in contrast to its place on the Fortune 500 list for the past few years. The company was founded in the latter months of 1982 by James B. McCurry and Gary M. Kusin and started functioning from a regional mall in Dallas, Texas. McCurry and Kusin were together at the Harvard Business School where they developed a friendship that made them stand out from their classmates.The firm was named "Babbage's Inc." after Charles Babbage who envisioned digitally programmable computers for the first time and is the "father of the computer." It was conceived as an educational software retailer and sold computers and related technology for starters.