Explainer: Why regulators may scrutinize GameStop's Reddit-driven retail stock surge

Explainer: Why regulators may scrutinize GameStop's Reddit-driven retail stock surge

3 years ago
Anonymous $K6XgmDN5_o

https://www.reuters.com/article/us-gamestop-regulator/explainer-why-regulators-may-scrutinize-gamestops-reddit-driven-retail-stock-surge-idUSKBN29W2Q1

Shares of video game retailer GameStop Corp surged nearly 700% over the past week as retail investors piled in to the stock, appearing to be urged on by bullish posts in popular online forum Reddit as opposed to any fundamental changes in the company's finances or prospects. GameStop's interstellar surge has sparked calls for regulatory scrutiny. Why?

Explainer: Why regulators may scrutinize GameStop's Reddit-driven retail stock surge

Jan 27, 2021, 9:39pm UTC
https://www.reuters.com/article/us-gamestop-regulator/explainer-why-regulators-may-scrutinize-gamestops-reddit-driven-retail-stock-surge-idUSKBN29W2Q1 >Shares of video game retailer GameStop Corp surged nearly 700% over the past week as retail investors piled in to the stock, appearing to be urged on by bullish posts in popular online forum Reddit as opposed to any fundamental changes in the company's finances or prospects. GameStop's interstellar surge has sparked calls for regulatory scrutiny. Why?