What is the GameStop stock controversy?

(WILX) – Even non-gamers may be interested in following the recent controversy surrounding the video game retailer GameStop, billionaire Elon Musk, and a group of users on the website Reddit. The effects of the growing conflict are already reaching beyond the video game industry, and may soon result in more regulation on the stock market.

Background

Many people still think of video games as a hobby for children, but the reality is that 164 million adult Americans are now gamers. That’s 164 million people purchasing systems, purchasing games, buying extra downloadable content, reading reviews, watching tutorials, and so on.

For perspective, the video game industry has grown so much that it now generates more money than the North American sports industry and the global movie industry. Combined.

More than possibly any other business, advancements in technology change what gaming looks…

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