| January 27th | 2021 5:31PM
In duel with small investors over GameStop, big funds blink
Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it's become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.
The funds serving the financial elite are starting to walk away in defeat. Big bets they made that GameStop's stock would fall went wrong, leaving them facing billions of dollars in collective losses.