GameStop share price and the Reddit phenomenon

This morning’s Business Summit hosted by the Australian Financial Review certainly provided plenty of interesting commentary on the economy, financial markets, politics, and more.

Goldman Sachs CEO David Solomon joined the panel of speakers and spoke on a range of topical subjects. In particular, Solomon discussed the surge in retail participation in the stock market, which has led to occurrences such as the obscene fluctuations in the GameStop Corp (NYSE: GME) share price.

Digitisation catches regulators off guard

Soloman mentioned the prominence of retail traders thanks to the innovation in trading platforms. Low and no fee app-based brokers like Stake and Robinhood have aided in providing a cheap and easy means for transacting…