GameStop
GameStop shares surged in off-hours trading Thursday and opened significantly up Friday, as the trading platform Robinhood announced it would no longer block trades in the stock of the Grapevine-based video game retailer.
The stock closed Thursday at $193.60, and opened Friday at $379.71. By mid-morning, the shares (GME) were trading on the New York Stock Exchange at $314.31.
The stock’s chaotic trading this month – it was trading at about $17 Jan. 4 – has been fueled by individual investors’ touts on the online Reddit message board. The chaos caught the notice of Washington, with Treasury Secretary Janet Yellen, the Securities and Exchange Commission, and even President Biden’s new press secretary weighing in. Sen. Elizabeth Warren, D-Mass., called for tighter regulation.
Here's a compilation of some of Friday's media coverage:
CNET
Reddit’s GameStop Battle With Wall Street is Turning Into a War
THE WALL STREET JOURNAL
GameStop and AMC Soar Friday as Robinhood Restarts Trades
Citron Research Will Stop Selling Short Selling Reports
SEC To Review Brokers’ Restrictions on on GameStop, AMC Trading
GameStop, Bitcon and QAnon: How the Wisdom of the Crowds Became the Anarchy of the Mob
The Reddit Wolves of Wall Street
NEW YORK TIMES
GameStop Shares Surge Again Friday As Robinhood Trading Platform Lifts Trading Restrictions
Stocks Finish Volatile Week of Chaotic Trading Driven by “Meme Stocks” Such as GameStop
Why Deal Broker Robinhood Had To Risk Infuriating Its Customers
WASHINGTON POST
The GameStop Chaos May Be a “Bubble,” But What Does That Actually Mean?