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The video game retailer's shares are still far higher after investors on social media pushed their value up.
Wall Street's big bets against GameStop went sour when Reddit traders bet on the company's success instead. Now, billions of dollars are on the line.
Investors organizing on social media hit multimillion-dollar paydays as they fought Wall Street over GameStop's share price. Experts say it can't last.
Commentary: The gains are rooted in disdain for existing financial institutions, tapping into the same emotions as the Occupy Wall Street protests from a decade ago. And institutional investors are freaking out.
What the heck was all that going on with GameStop and Reddit? We dig in. Plus: Talking alien encounters and getting the COVID-19 vaccine.
The commission's statement comes amid criticism of stock market apps for restricting trades this week.
President Biden's team is "monitoring the situation," and gamers have thoughts on what that means exactly.
Companies that Wall Street bet heavily against are experiencing unprecedented stock market movements.
But the community has been banned from Discord as AMC, GameStop stocks go wild.
The popular stock-trading app reportedly has more than 13 million customer accounts.
The company says service is back up and trading has been restored.