I could never get my head around the bull case for GameStop, the original meme stock, that has largely defied the odds of a floundering business model and hasn’t yet crashed and burned like nearly all the others. Last week, looking to extend this winning streak, it became a hedge fund, issuing bonds to buy crypto. Management is betting perhaps that the Trump administration’s love of the digital coin on top of crypto speculation will help more people forget the vicissitudes of its real business, and shares would fly. In the past, it would have done just that, but this time investors smelled some desperation. Bitcoin ... (full story)