I just took note of this today, but apparently Gamestop stock has gone up quite a bit in the last several months. This seems to have happened on the strength of small investors using apps like Robinhood to buy the stock. While those investors have been buying, large hedge funds have apparently been shorting the stock. This has reached a point where trading in Gamestop has been halted. From what I can gather, both the left and the right are coming out against whatever it is that hedge funds are doing. When AOC and Elizabeth Warren are on the same side of an issue as Ted Cruz and Trump Jr., something weird has to be going on. Being that I’m not an expert in all things stock market, I’m having trouble figuring out exactly what’s happening here. Here are some cites, and then some specific questions.
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Why did Robinhood stop people from trading in Gamestop stock?
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Why did the group of small investors decide to invest in Gamestop? Was it an attempt to keep the company from going out of business?
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Is the rise in stock price a pump and dump without the dump, or is there something else going on here?
ETA: I can see this becoming a debate, and if it does, please move the thread to GD.
. I will repost in that thread. Mods, please close this thread.