Elon Musk Tweets About GameStop and Etsy, Their Stocks Surge

Elon Musk Tweets About GameStop and Etsy, Their Stocks Surge

3 years ago
Anonymous $K6XgmDN5_o

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.