Monday, April 15, 2024

Glowlit Update – Main Street versus Wall Street

Must read

Like many people around the world, the Glowlit team has been watching the stock market in awe and disbelief. GameStop (GME), a chain of brick and mortar stores selling video games, saw its stock price rise as much as 1,700% this week, driven largely by an army of individual investors trading on the fee-free app Robinhood. These retail investors rallied online in a popular forum called WallStreetBets on the social media platform Reddit, with the intent of raising the stock’s price to combat a short position taken by hedge fund Melvin Capital. The result has been both. . .

Register or Login to keep reading

Thank you for your interest in accessing the complete content. To continue reading, please register for free. By registering, you'll gain full access to our valuable resources, updates, and insights.

If you already have an account please Log In.

More articles

Latest article