# Why Reddit made GameStop and BlackBerry stock suddenly jump

**URL:** <https://tw.forumosa.com/t/why-reddit-made-gamestop-and-blackberry-stock-suddenly-jump/201980>\
**Category:** Money\
**Tags:** invest\
**Created:** [January 26, 2021, 2:11am UTC](https://tw.forumosa.com/t/why-reddit-made-gamestop-and-blackberry-stock-suddenly-jump/201980 "2021-01-26T02:11:53Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![tempogain](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/tempogain/32/264650_2.png) [@tempogain](https://tw.forumosa.com/u/tempogain)\
**Post date:** [January 26, 2021, 2:11am UTC](https://tw.forumosa.com/t/why-reddit-made-gamestop-and-blackberry-stock-suddenly-jump/201980/1 "2021-01-26T02:11:54Z")

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> **[Why Reddit made GameStop and BlackBerry stock suddenly jump](https://www.cnet.com/personal-finance/why-reddit-made-gamestop-and-blackberry-stock-suddenly-jump/)**
>
> Online market players hatched a plan to make GameStop's stock rocket up despite having little value, and it worked.

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**Author:** ![strung.in](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/strung.in/32/122315_2.png) [@strung.in](https://tw.forumosa.com/u/strung.in)\
**Post date:** [January 26, 2021, 2:14am UTC](https://tw.forumosa.com/t/why-reddit-made-gamestop-and-blackberry-stock-suddenly-jump/201980/2 "2021-01-26T02:14:59Z")

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yeah i have a friend who just made a bunch of money doing this. it’s funny how some milennials now have the capital to show what a joke the market is. factor in a bit of internet organizing and you get this. they can artificially inflate any bottom of the barrel stock and sell out. it’s quite an interesting phenomenon. usually a good or product is bought less as its price rises, per necessity.

> **[Giffen good](https://en.wikipedia.org/wiki/Giffen_good)**
>
> In economics and consumer theory, a Giffen good is a product that people consume more of as the price rises and vice versa—violating the basic law of demand in microeconomics. For any other sort of good, as the price of the good rises, the substitution effect makes consumers purchase less of it, and more of substitute goods; for most goods, the income effect (due to the effective decline in available income due to more being spent on existing units of this good) reinforces this decline in demand ...

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**Author:** ![Andrew0409](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/andrew0409/32/69821_2.png) [@Andrew0409](https://tw.forumosa.com/u/Andrew0409)\
**Post date:** [January 26, 2021, 2:25am UTC](https://tw.forumosa.com/t/why-reddit-made-gamestop-and-blackberry-stock-suddenly-jump/201980/3 "2021-01-26T02:25:27Z")

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I love Wall Street bets. I follow it myself.

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**Author:** ![silly.putty](https://forumosa-12829.kxcdn.com/user_avatar/tw.forumosa.com/silly.putty/32/39_2.png) [@silly.putty](https://tw.forumosa.com/u/silly.putty)\
**Post date:** [January 26, 2021, 2:28am UTC](https://tw.forumosa.com/t/why-reddit-made-gamestop-and-blackberry-stock-suddenly-jump/201980/4 "2021-01-26T02:28:06Z")

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Bow down to Mr. DFV.

 ![image](https://forumosauploads-12829.kxcdn.com/original/3X/a/e/ae3fcb67e8bf268debab93602d7f20cd8f0b586d.png)