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What does the GameStop stock frenzy tell us about capitalism?

1,119 5 minutes read Photo credit: Corey Coyle (Wikimedia Commons) The closing days of January shook Wall Street with a struggle between powerful stock market players and amateur investors that left investment firms reeling with billions in losses. On one side were hedge funds that had bet big on stock prices dropping for the video game store chain GameStop and other companies. On the other, a large number of small investors coordinating on online platforms such as Redditโ€™s WallStreetBets ...
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Fury as trading platforms halt buys on GameStop, other 'meme stocks'

Fury as trading platforms halt buys on GameStop, other meme stocks Trading app Robinhood is among those being slammed after a movement originating on Reddit drove up stock prices. Author: After a week that has seen the price of so-called "meme stocks" driven up by a determined community of Reddit users, a number of trading platforms hit back on Thursday by preventing people from buying shares in certain companies, including GameStop. GameStop has been the poster child for the effort led by the ...
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