The rush by both parties to side with young traders disrupting the markets reflects the broad recognition of the impulses driving American politics. Lawmakers Look at GameStop Furor and See a Populist Issue to Seize: Ted Cruz. Why do they keep taking the world by surprise? His $53,000 investment in the company briefly reached $48 million in value.Įlon Musk Becomes Unlikely Anti-Establishment Hero in GameStop Saga: The billionaire has inserted himself into the confounding stock market drama and solidified his role as the ultimate insider outsider.Įverything’s a Joke, Until It’s Not: Reddit communities grow powerful in plain sight. How a Reddit User Called ‘Roaring Kitty’ and His Friends Roiled the Markets: A Massachusetts man who goes by “Roaring Kitty” on social media helped fuel the frenzy around GameStop. ‘Dumb Money’ Is on GameStop, and It’s Beating Wall Street at Its Own Game: GameStop shares have soared as millions of small investors, egged on by social media, employed a classic Wall Street tactic to put the squeeze - on Wall Street. The GameStop Reckoning Was a Long Time Coming: Gleeful online hordes turned the stock market upside down. The Misfits Shaking Wall Street: They are young, they are fearless and they are forcing everyone to pay attention. This past week, the two realities collided. It didn’t say that it also entirely relies on Wall Street. The Silicon Valley Start-Up That Caused Wall Street Chaos: Robinhood pitched itself to investors as the antithesis of Wall Street. Gensler Faces Big Challenge in Tackling GameStop’s Wild Ride: There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. Silver Rises With Hype It’s the Next GameStop, but a Backlash Mutes Gains: The precious metal jumped 11.5 percent to its highest level in eight years, then gave up some of its gains as some online investors smelled a trap. Robinhood, Under the Gun, Raises $2.4 Billion: The high volume of trading by its customers, many of them egged on by social media, has put a strain on the company’s balance sheet. What Is GameStop, the Company, Really Worth? Does It Matter? The frenzy for the troubled retailer’s stock has been a headscratcher for the analysts who try to determine a company’s value. His lack of preparedness on nuts-and-bolts issues was part of a pattern, former employees and analysts said. Is in the Hot Seat: Vlad Tenev has incited the fury of the trading app’s fans amid a stock market frenzy. Plunging GameStop Shares Test the Will of Investors to Stick With the Ride: After a crazy run-up, the price dropped 72 percent over two days, putting it just 18 percent higher than it was at the start of last week. What’s a family to do? There’s no one-size-fits-all answer, but you have options.
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