GameStop - Page 2

Yellen will speak to the president after the trading app Robinhood infuriated users for blocking purchases Thursday of stocks popularized by Reddit such as GameStop.

Shares jumped in after hours trading.

Both Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ted Cruz (R-TX) are among lawmakers seemingly calling for congressional action after Robinhood restricted trading for GameStop following a surge spurred by a populist investing movement, but the New York lawmaker rejected Cruz after he agreed with her on social media, telling the senator to “sit this one out” because, she claimed, he almost had her “murdered” three weeks ago — a reference to the January 6 Capitol riot.

“I don’t think that I have anything more for you on it, other than to say separate from the Gamestop issue the Secretary of Treasury is one of the world-renowned experts on markets, on the economy,” White House press secretary Psaki said during the press briefing. 

Robinhood customers on Thursday sued in New York City and Chicago after the trading app restricted GameStop trading on its platform, court documents show. 

Rep. Ro Khanna (D-CA) on Thursday called on Congress to investigate Robinhood’s decision to restrict trading on GameStop after Reddit users sent the stock soaring this week. 

Populist movements against ruling elites have been the big political story of the past five years. But at the very moment when elites appear to be winning political battles again, a new threat to their power emerges — this time aimed at Wall Street rather than Washington.

As share prices of GameStop stock soar, the popular trading Reddit forum WallStreetBets is facing increased scrutiny. Last night the messaging service Discord shut down the subreddit’s Discord server, a short while later the subreddit went private for some time.

Donald Trump Jr. defended the populist investing movement rallying to buy stock in GameStop on Thursday accusing the system of being “rigged.”

The mobile apps for major brokerages suffered outages on Wednesday.

The deplorables of the stock market are driving Wall Street crazy.

GameStop stock has surged yet again following a recent social media post from Tesla and SpaceX CEO Elon Musk. The stock is trading at more than $366 per share in morning trading, a one-day increase of almost 150 percent.

Share of GameStop leveled up again Tuesday, rising more than 90% to a record high of $147.98. The meteoric rise of the video game company has been fueled by enthusiasm for the shares by day traders and denizens of a

In a recent article, Bloomberg outlines how the popular Reddit forum WallStreetBets, along with help from other online investing forums, successfully increased the value of retailer GameStop’s share price by massive amounts.

A biological male living as a transgender female shopping at a GameStop in Albuquerque, New Mexico, lashed out at a male store clerk after he called the customer “sir.”

GameStop is reportedly closing at least 150 stores, or about 3 percent of its locations, in response to a growing consumer preference for digital storefronts.

Microsoft announced a new subscription program that will give access to a significant portion of its back catalog, and Wall Street apparently took it as a bad omen for brick-and-mortar retailer GameStop.

Pokemon Go is a hit, and not just among consumers. Video game retailer GameStop is also reaping the benefits of the augmented reality monster collection craze with 100% increases in sales at some stores.

After announcing a one-off publishing deal with Insomniac Games, GameStop has confirmed the launch of its own game publishing division, “GameTrust.”

Watch out, GameStop. Amazon has just dropped a deal that could very easily spell the end of midnight launch hype.