GameStop Saga Takes A Turn For The Worse I The $12 Billion Company Getting Rich Helping Students Cheat

Plus: Fintech Cadre Launches $400M Fund Targeting Underrepresented Real Estate Operators

Almost two weeks ago, an avalanche of average investors plunged into GameStop after reading about the investment idea on a Reddit stock-trading forum, WallStreetBets. But what initially seemed to be a win for the average man has quickly turned into a nightmare for many.

A handful of the Redditors are down in the mouth about the situation. “Barring deaths in the family, this has been the most devastating two weeks of my life,” says Will Brown, a 30-year-old North Carolina fish farmer. He tried to reverse a $20,000 loss trading other stocks by plunking down his remaining capital—a few thousand dollars—in GameStop options. At one point, he calculates he had a position worth $300,000 or so, a sum almost entirely evaporated. “I’m coming to terms with the fact that I have nobody to blame for this but myself.” Read the full story here.

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This week's collection of expert tips from Forbes contributors around the world for those building and running a business. Click to sign up instantly for The Pursuit, a biweekly essential briefing by Senior Entrepreneurs Editor Maneet Ahuja.

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