'Dumb money' is on GameStop, and it's beating Wall Street at its own game

The Japan Times 

They are among the millions of amateur traders collectively taking on some of Wall Street's most sophisticated investors -- and, for the moment at least, winning. Propelled by a mix of greed and boredom, gleefully determined to teach Wall Street a lesson, and turbocharged by an endless flow of get-rich-quick hype and ideas delivered via social media, these investors have piled into trades around several companies, pushing their stock prices to stratospheric levels. Some of the names are from an earlier business era. BlackBerry's shares are up nearly 280% this year. Stock in AMC, the movie theater chain, has surged nearly 840%.

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