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Money Talks

AMC Raised $1 Billion From Meme Stock Mania. Why Didn’t GameStop Even Try?

The struggling video game retailer chose not to exploit an irrational market. Bad move.

With the stocks of GameStop, AMC, Nokia and others tumbling back to reality — down some 65% from their recent highs — it probably won’t be long…



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James Surowiecki

I’m the author of The Wisdom of Crowds. I’ve been a business columnist for Slate and The New Yorker and written for a wide range of other publications.