Why are stocks of failing companies rallying on Wall Street?

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The hottest investment in the U.S. right now is a failing chain of shops selling video games.
GameStop shares have soared 1,700 percent since December.
Amateur traders banded together to buy the stock when they realised hedge funds were betting on the shares falling.
Online platforms like Robinhood have restricted trade on the stock, prompting anger from investors and politicians.

So who will win this battle between armchair traders and the Wolves of Wall Street?
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