Gamestop has been dying for years. They have a few fundamental problems, first and foremost being they’re dishonest with the customers so nobody really likes going there. Add the fact that all the game systems now have online stores and physical media (with the ability to sell used media) is going away. They’re a dead company walking. All the hedge funds saw was a way to make quick money on a company that’s already 3/4 of the way down the drain. Doesn’t matter what their stock trades at, they got 2 maybe 3 years left.
Yes, but that doesn’t explain why those redditor’s are supporting the company. Most of them may be autistic video game players, but they clearly have an attachment to the company and didn’t want to see hedge funders killing it off just so they could make money.