Wallstreetbets Back? GameStop and More Surge, Reddit Crashes
https://wccftech.com/wallstreetbets-gamestop-surge-again/
History seems to be repeating itself. It was only a month ago that GameStop mania quite literally took over the world. WallStreetBets was getting coverage on all the major talk shows and primetime news in the US; it even made a splash on the news here in the UK and elsewhere. While this is highly unlikely to be repeated, there's been some movement today. Enough that even Reddit was hit with issues as people surged in to check WallStreetBets.
The biggest gain for today is, unsurprisingly, GameStop (NYSE:GME). Shares of the retailer surged up over 100% to close at $91.71, with aftermarket trading currently having the price at an even higher $153 at the time of writing. The timing appears to be linked to yesterday's announcement that the CFO, Jim Bell, will resign next month to help "accelerate GameStop's transformation".