News

Here’s how a grad student turned a $500 bet on GameStop into a $200,000 gain

Anubhav Guha will use the money to help pay for living costs in Boston as he finishes his studies

Anubhav Guha gained 40,582% on his original investment
Anubhav Guha gained 40,582% on his original investment Photo: Heather Rousseau for The Wall Street Journal

Anubhav Guha turned $500 into more than $200,000 during the GameStop rollercoaster that gripped the markets – and headlines – in January.

Guha, a graduate student in mechanical engineering at the Massachusetts Institute of Technology, is one of the winners of the Reddit traders’ war against hedge funds.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire