Once you hear about it, it s already too late: Here s what s happening with GameStop stock
We asked a UArizona stock market expert about the risks in investing in the internet s latest darling stock. Author: Cameron La Fontaine Updated: 4:55 AM MST January 29, 2021
PHOENIX Twitter and Reddit have been dominated by news of GameStop s meteoric stock rise. It s not just about the rise in the struggling game store s value. It s become a full-on drama featuring a giant hedge funds and tens of thousands of individual investors, who, depending on who you talk to, are looking for a quick score or to stick it to the system.
By Reuters Staff
1 Min Read
A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri
WASHINGTON (Reuters) - U.S. Representative Alexandria Ocasio-Cortez on Thursday criticized the decision of online trading platform Robinhood to restrict retail trading in shares of GameStop and other companies that have seen dramatic gains this week attributed to social-media driven trading.
Ocasio-Cortez said the move was “unacceptable,” adding Congress needs to know more about Robinhood’s decision “to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.”
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