GameStop saga shows ‘democratisation of finance’ has limits

  • 📰 trtworld
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

US lawmakers question why retail investors were blocked from buying GameStop stock

In recent weeks, GameStop stock shot through the roof rising more than 600 percent between January 12 and 26.

By encouraging enough people to buy the stock, they have created an artificial rally, entrapping short-sellers in their own game. Robinhood, which has more than 13 million users, recorded the highest number of downloads of its app in a single day on January 27.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How many lawmakers questioned?

Australia Australia Latest News, Australia Australia Headlines