In this recent SelectScience webinar, now available on demand, George Reiner and James McCurry from Agilent Technologies introduce the new features of Agilent GC systems that have been designed to make them more intelligent and to increase lab efficiency.
Interestingly, the trading buzz first sparked on Reddit on a forum called r/WallStreetBets. On Tuesday, January 26 the shares were boosted by Tesla CEO Musk, who tweeted âGamestonk!!â along with a link to Reddit s WallStreetBets stock trading discussion group, where he is popular as âPapa Muskâ. For the unversed, âstonksâ is a tongue-in-cheek term for stocks widely used on social media. Now, Discord has banned the Reddit forum over âhate speechâ and it has led to quite an uproar.
So how did the controversy begin and who owns GameStop? Let s find out.
People pass a GameStop store in lower Manhattan (Getty Images)
Elon Musk accuses Discord of going corporate after it bans Reddit group that is boosting Gamestop stock
WallStreetBets – a community of young retail investors - was purged from messaging service Discord after they were tied to price surges on Wednesday
Musk tweeted: Even Discord has gone corpo…
WallStreetBets Reddit page has seen millions of new members arriving in recent days after Musk posted a link to the group on Twitter, writing: Gamestonk!!
But such are the fears over the viral investing, Joe Biden s White House staff are monitoring the situation - as is the Securities and Exchange Commission
Robinhood on Thursday halted the ability to purchase new shares of GameStop
Also stopped purchase for AMC, Nokia, Bed Bath & Beyond, BlackBerry, Express
In some cases Robinhood sold off shares without permission from the user
The move drew outrage from Reddit users who had driven share prices up
Both parties in Congress joined the outcry, as well as Dave Portnoy and Ja Rule
Senate Banking Committee planned hearings to investigate the matter
GameStop had surged more than 1,700% percent this month in short squeeze
But shares sank 44% on Thursday after Robinhood banned buying shares
The struggling company runs a chain of video game stores across the country
GameStop’s stock continues to soar
Top Searches
GameStop’s stock continues to soar
NYT News Service / Jan 28, 2021, 08:57 IST
FacebookTwitterLinkedinEMail
NEW DELHI: Millions of amateur stock traders collectively are taking on some of Wall Street’s most sophisticated investors. They’ve piled into trades around companies that other investors had written off, pushing stock prices to stratospheric levels.
The main focus is GameStop, the troubled video game retailer. Its stock is up 1,600% so far this month, including Wednesday’s climb of 135%. AMC Entertainment was up 300% on Wednesday, and BlackBerry is up more than 250% this month.
The surging shares have become detached from the factors that traditionally help establish a company’s value to investors like growth potential or profits. But the traders who are piling in probably aren’t thinking about those fundamentals.