Business
GameStop Stock Has A Terrible Day, Still Closes At The Unthinkable Price Of $US200 – Kotaku Australia
The GameStop stock drama continues, with the games retailer’s shares falling to $US200 after a wild 24 hours.
A trading lockout on GameStop stock by a number of investing apps led to the sagas weirdest day yet: class action lawsuits, calls for hearings on Capitol Hill, and the suggestion that Treasury Secretary Janet Yellen might need to recuse herself from overseeing Wall Streets latest shitshow because she took speaking fees from one of the hedge funds involved.
It all started before the stock market even opened. Early in the morning, commission-free trading app Robinhood blocked GameStop and a few other…
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