It’s still a fluid situation. This week, shares in GameStop dropped by 65% in trading on Wall Street as the trading controversy sparked by small investors on Reddit, severely dropped off – reversing gains for last week’s mercurial surge. GameStop shares hit a high of $482 last Thursday but dropped to $90.
JP Sears explains (in plain English) what happened and why you should feel the upmost sympathy for those poor Wall Street hedge fund raiders and the executives at small investor trading App Robinhood.
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