Why BlackBerry, GameStop, and Kodak Stocks Were Destroyed This Week (Motley Fool) The bad news for meme stocks started a week ago, when Goldman Sachs noted that retail investors’ appetite to risk their money betting on short squeezes that could or might not happen was decreasing. As a result, meme stocks have taken a beating, with Eastman Kodak (NYSE: KODK) down 8.5 percent from Friday’s close, BlackBerry Limited (NYSE: BB) down 10.4%, and GameStop (NYSE: GME) down 12.8 percent. In fact, more than half of GameStop’s losses for the week occurred on a single trading day, Wednesday, when Bloomberg reported that Netflix is considering a move into the video game market, in which it would effectively compete with GameStop./n
Read More
