PEMBROKE PINES, FLORIDA - JULY 21: An exterior view of a GameStop store on July 21, 2020 in Pembroke Pines, Florida. GameStop is among the latest retailers requiring masks to be worn in their stores to control the spread of the coronavirus (COVID-19) In the David and Goliath saga surrounding the struggling retail chain GameStop, Goliath has fallen.
Two Goliaths, actually.A pair of professional investment firms that placed big bets that money-losing video game retailer GameStop's stock will crash have largely abandoned their positions.
The victors: an army of smaller investors who have been rallying on Reddit and elsewhere online to support GameStop's stock and beat back the professionals.One of the two major investors that surrendered,.