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UPDATE 1-WallStreetBets' Reddit chat room briefly made private by moderators

By Reuters Staff
(Adds WallStreetBets being made private, background)
Jan 27 (Reuters) - The ‘Wallstreetbets’ Reddit chat room that drove stock surges for GameStop and other companies was briefly made private by the moderators running the group on Wednesday evening, before being made public again.
“You must be invited to visit this community,” its page, where participants discuss stock trading, showed earlier when access was attempted. It became public once more later in the evening.
The page also said that it was facing technical difficulties due to an “unprecedented” scale of newfound interest in the server.
Separately, Discord Inc, a messaging platform for online gamers, said it had removed the WallStreetBets server from its platform for violating its guidelines on hate speech and spreading misinformation. ....

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U.S. state regulator says GameStop trading could be 'systemically wrong': Barron's

Top securities regulator in Massachusetts thinks trading in GameStop Corp stock, which skyrocketed for a fourth straight day, suggests there is something "systemically wrong" with the options trading surrounding the stock, Barron's reported https://bit.ly/3iRbdRB on Tuesday. ....

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GameStop signs deal with investor, refreshes board to focus on e-commerce

By Reuters Staff
1 Min Read
FILE PHOTO: Outside a GameStop store people line up to purchase a Sony PS5 gaming console in the Manhattan borough of New York City, New York, U.S., November 12, 2020. REUTERS/Carlo Allegri
(Reuters) - GameStop Corp signed an agreement with investor Ryan Cohen’s RC Ventures LLC on Monday, appointing the Chewy.com founder and two other e-commerce veterans to its board as the ailing videogame retailer doubles down on digital sales.
Shares of GameStop, in which RC Ventures holds a 13% stake, were up 8% in premarket trading.
RC Ventures in November urged the world’s largest videogame retailer, hit by growing digital downloads of console games and intense competition, to conduct a strategic review of its business and focus on digital sales. ....

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Poland's CD Projekt to issue strategy update in Q1 despite Cyberpunk 2077 game issue

Polish video games producer CD Projekt it sticking to plans to update its strategy in the first quarter of 2021, its chief executive said on Monday, despite the issues the company faces with its flagship Cyberpunk 2077. ....

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