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US SEC Report Questions Trading Apps After GameStop Frenzy

US securities regulators studying the mysterious surge in GameStop shares in January called Monday for deeper examination of "game-like" features on some trading platforms.

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Zoah Hedges-Stocks| 'Not a financial account': UK woman with surname 'Hedges-Stocks' flooded with GameStop queries on Twitter


Zoah Hedges-Stocks is a journalist who lives in the UK.
A woman named Zoah Hedges-Stocks was mistaken to be a financial guru on Twitter, thanks to her surname. Image Credits: AP/Twitter 
The 'saga' of the American gaming company, GameStop, has been the talk of the town lately. The sudden surge in its stocks has baffled not only the financial pundits but even the common man who may find all this Greek. 
It all started with a group of Reddit users named 'WallStreetBets' that kept incessantly buying shares from an otherwise dying company. This resulted in the sudden surge that everybody has been talking about. 

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Reddit users beat Wall Street hedge funds, then Robinhood blocked trading in GameStop, Nokia shares

Reddit users beat Wall Street hedge funds, then Robinhood blocked trading in GameStop, Nokia shares
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

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GameStop's stock continues to soar - Times of India


GameStop’s stock continues to soar
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GameStop’s stock continues to soar
NYT News Service / Jan 28, 2021, 08:57 IST
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NEW DELHI: Millions of amateur stock traders collectively are taking on some of Wall Street’s most sophisticated investors. They’ve piled into trades around companies that other investors had written off, pushing stock prices to stratospheric levels.
The main focus is GameStop, the troubled video game retailer. Its stock is up 1,600% so far this month, including Wednesday’s climb of 135%. AMC Entertainment was up 300% on Wednesday, and BlackBerry is up more than 250% this month.
The surging shares have become detached from the factors that traditionally help establish a company’s value to investors — like growth potential or profits. But the traders who are piling in probably aren’t thinking about those fundamentals.

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