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Business

GameStop shares double on Wednesday surprising reddit traders

Shares of GameStop, an American video game and consumer electronics company, doubled suddenly on Wednesday afternoon surprising traders. GameStop stocks ended trading day by going nearly 104 percent up. Trading on the stock was halted twice on Wednesday afternoon. GameStop soared more than 1,600% in January as retail investors bought shares of the company to […]

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World

US regulators subpoena YouTube trader ‘Roaring Kitty’

Regulators in Massachusetts, United States have issued a subpoena seeking the testimony of a YouTube streamer who helped drive a surge of interest in GameStop Corp as part of a review of his registration, including his “outside business activities”, officials said on Wednesday. The office of the Secretary of the Commonwealth William Galvin issued the […]

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Business

GameStop bounces back after Robinhood lifts trading curbs

Shares of GameStop and other companies caught in the recent frenzy bounced on Friday, after online broker Robinhood lifted all the buying curbs imposed at the apex of the battle between amateur investors and Wall Street hedge funds. The videogame retailer, the initial trigger for the market slugfest after gaining popularity on social media platform […]

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Business Insane World

How hedge fund firms lost billions of dollars to a group of redditors

GameStop is a struggling American video game, consumer electronics, and gaming merchandise retailer, but if you go by the stock price it is more in demand than popular big techs like Facebook, Apple, Amazon, Netflix and Google group of stocks. The shares of GameStop surged from $19 on December 31, 2020, to $197.84 on January […]