31 May 2022

Business commentator Rebecca Stevenson

From Nine To Noon, 11:05 am on 31 May 2022
People enter a GameStop store in Alhambra, California on January 27, 2021. - An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores.

Photo: AFP

Rebecca looks at a win for the so-called meme-stock apes.

Last year Gamestop, a retailer selling games, became the subject of a ferocious battle between retail investors and against professional investors/fund managers. 

While we haven't heard as much about GameStop and Meme Stocks this year, the fallout continues, with one of the hedge funds most impacted by GameStop's surge in value telling investors it's shutting down.

Rebecca also talks to Kathryn about New Zealand’s crowdfunding platform Pledgeme.