GameStop: the amateur investors taking on Wall Street

  • Robert Plummer y Natalie Sherman
  • BBC Economics Journalists

1 hour

Caption,

Alex Patton: “There is a huge gap between working class people and these hedge funds that have billions of dollars.”

Before the pandemic, Alex Patton had never thought of becoming an amateur investor.

But now, after the frenzy of shares in GameStop, a chain of video game stores, he is a veteran of the financial markets.

Before the covid I did not know anything about investments“said the 28-year-old cybersecurity engineer who lives in Kingston upon Thames, southwest London.

But after the stock market plummeted in March of last year and hit his pension savings, Patton decided he should, as he puts it, “take a more active role in managing my money. “.

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