How Wall Street responded after small investors sent GameStop stock soaring

There is a David and Goliath battle between Wall Street’s financial elite and amateur investors.

People have banded together online to drive up the stock price of GameStop, a money-losing chain of video game stores. On Wednesday, the stock closed at almost $350 a share.

In another twist, the stock-trading app Robinhood and other brokerage sites banned users from trading the most volatile shares. Jackson Proskow explains.

#GameStop #finance #GlobalNews

[Evilmax-guy]

So it's ok for the elite to do it but not the average joe

[TentaclePentacle]

irrational response? The response is very rational, it's just not greed motivated as those hedge funds.

[helenapawl]

Terribly inaccurate and lazy report of the situation. Pathetic

[MarzMonkey]

Wow that is the least informative graphic of what's actually happening.

[jvmauricio]

They should understand that Reddit wont stop unless someone goes to jail or a hedgefund closes not to mention robinhood just dig their own grave. Those crooks did this to themselves

[Picklemedia]

Wall Street deserves to hold the hot potato for a change. Remember 2008?

[GPSniper]

it is ok for wall street to fo what they want but when retail investor do the same thwy went nuts

[chesterye]

It's not amateur investors. The action is very professional and organized.

[anydayanytimegarretts]

Go AVERAGE JOES GO 👍🏼✌🏼❗
👏🏾👏🏽👏🏻👏👏🏼 💙🦅
✨C O N G R A T U L A T I O N S✨

[theslimeylimey]

Hedge fund hyenas saw a wounded Gazelle and licking their chops went in for an easy kill but an army of honey badgers came charging out of the brush hahaha. And now they go crying to mommy to stop the game because it isn't fun anymore. Zero sympathy for billionaires who produce nothing of value and got beat by the little guy following the rules of a game they were invited to play.

[randyhaimila]

Starting at 2:13, the guy said they don't want "irrational results". They're just pissed because Wall street lost money. Boo hoo. How does it feel?

[lance]

"You don't want amateurs triggering irrational results" - No, leave that kind of market manipulation to hedge fund managers.

[Viewsabovetreeline]

Hey Global, you can do better!! There’s more about this story!!

[keikokudaniel]

You don't want them rich. That is what it is

[lonewanderer]

Start at the beginning.
Wall street was pushing small stocks down, and the people decided that if the elitists could push down stock prices to make a buck, they should be able to buy stock to push the price up and help the small stocks.

[oicub]

Economy collapsing, stock market thriving?!? Corona is definitely weird!

[boghopper]

the real problem is that the big wall st hedge funds had bet against these stocks and were losing on the bet.

[olmrgosh]

That’s great news for game stop making money 💰

[laragwaysailoilo]

They call us amateur investor.. Let's smash them again.

[jkgan]

"Attack wealthy people" Yayaya You shouldn't have manipulated and push GME to 4 dollars a share.