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The independent news website of The Kent Stater & KSTV

KentStater

The independent news website of The Kent Stater & KSTV

KentStater

The independent news website of The Kent Stater & KSTV

KentStater

People enter a GameStop store in Alhambra, California on January 27, 2021. An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. Traders have been astounded in recent days by the surge in struggling video game retailer GameStop's share price, after a group of amateur investors banded together over the online platform Reddit to fight the Wall Street funds that had pushed its price lower. 

Robinhood shuts down GameStop trades, sending stock into a tizzy

Paul R. La Monica, CNN Business January 28, 2021

(CNN) -- GameStop traders sent the stock on a wild ride Thursday. The stock lost more than half of its value late Thursday morning after surging nearly 40% earlier in the day. Sending it on a roller-coaster...