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)