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SIGN UP HERE FOR OUR TUESDAY EVENT: A conversation with Insider's markets gurus on the GameStop and Reddit-trader phenomenon
SIGN UP HERE FOR OUR TUESDAY EVENT: A conversation with Insider's markets gurus on the GameStop and Reddit-trader phenomenon
Business InsiderFeb 1, 2021, 21:22 IST
Gamestop.SOPA Images/Getty Images
markets team on the recent market volatility caused by GameStop
trading chaos.
Stock markets around the world are reeling from Reddit traders' volatile trading over the past week. How the speculative activity continues could determine whether the trend pops with little lasting impact or sparks a new discussion over economic equality.
What began as an effort to profit from a short squeeze has since exploded into a national debate on market access. Retail traders coordinating on Reddit forums like r/wallstreetbets lifted GameStop, AMC, and other highly shorted stocks, hoping to profit as funds covered their