From GameStop To Tesla – How social media is driving the stock market
2021-12-02 00:02:21 The GameStop experience was one such instance when short-sellers lost billions of dollars in just a few days, thanks to Redditors who caught wind and made bets accordingly. But not all instances are like this: for example, Tesla saw its stock rise by 7% after Elon Musk tweeted about going private at $420 […]
GameStop Frenzy ‘Tested the Capacity and Resiliency’ of Stock Market
2021-10-19 11:59:00 On Monday, the Securities and Exchange Commission finally released its report on the frenzy of retail trader activity surrounding GameStop’s short squeeze and the skyrocketing value of various “meme stocks” and found that the episode “tested the capacity and resiliency of our securities markets in a way that few could have anticipated.” “At […]
GameStop mania severely tested market system: SEC report
2021-10-18 13:58:35 NEW YORK – The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. But it didn’t break. That’s one of the takeaways from a report by the Securities and Exchange Commission’s staff released Monday […]