GameStop saga shows ‘democratisation of finance’ has limits

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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.

 

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