Elon Musk Tweets About GameStop and Etsy, Their Stocks Surge
http://www.newsweek.com/elon-musk-tweets-gamestop-etsy-stock-rally-reddit-wall-street-bets-1564755
Shares in Etsy and GameStop surged this week after Tesla boss Elon Musk tweeted about the companies. Musk's GameStop tweet added to an ongoing siege against Wall Streetfrom by a community on Reddit that appeared to be costing corporate hedge funds both power and profit.
Trading was volatile this week as investors from the Reddit community r/wallstreetbets poured funds into video game retailer GameStop (GME), sending shares soaring by over 400 percent in seven days—and resulting in disruption of short sellers.
Elon Musk Tweets About GameStop and Etsy, Their Stocks Surge
Jan 27, 2021, 11:21am UTC
http://www.newsweek.com/elon-musk-tweets-gamestop-etsy-stock-rally-reddit-wall-street-bets-1564755
> Shares in Etsy and GameStop surged this week after Tesla boss Elon Musk tweeted about the companies. Musk's GameStop tweet added to an ongoing siege against Wall Streetfrom by a community on Reddit that appeared to be costing corporate hedge funds both power and profit.
> Trading was volatile this week as investors from the Reddit community r/wallstreetbets poured funds into video game retailer GameStop (GME), sending shares soaring by over 400 percent in seven days—and resulting in disruption of short sellers.