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GameStop Stock Price Soars Thanks to Reddit Traders, Hedge Funds Hurting

TMZ.com Wednesday, 27 January 2021
GameStop's wild ride on the stock market is still going strong, as one of the crazier Wall St. stories continues to stun hedge fund managers ... to the delight of Reddit investors. The video game retailer's stock price has surged Wednesday -- it's…
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Video Credit: CBS 2 New York - Published
News video: GameStop's Wild Ride Continues On Wall Street

GameStop's Wild Ride Continues On Wall Street 02:09

GameStop's wild ride is continuing on Wall Street. Small investors had sent the stock soaring, in part to punish hedge funds betting against it, and Thursday, there was a new turn; CBS2's Dick Brennan reports.

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GameStop American video game retailer

GameStop Shares Surge Again in Premarket Trading [Video]

GameStop Shares Surge Again in Premarket Trading

On Feb. 25, the stock climbed over 70% before markets opened.

Credit: Cover Video STUDIO    Duration: 00:52Published
Robinhood, hedge fund chiefs face irate questions at hearing [Video]

Robinhood, hedge fund chiefs face irate questions at hearing

The head of trading app Robinhood and Wall Street hedge fund managers on Thursday fielded a barrage of questions in the U.S. Congress about their role in the GameStop trading frenzy, at times being cut off by irate lawmakers. This report produced by Lisa Bernhard.

Credit: Reuters Studio    Duration: 02:51Published
Watch lawmakers grill Robinhood's CEO [Video]

Watch lawmakers grill Robinhood's CEO

At the House Financial Services Committee hearing on GameStop, lawmakers aimed some of their harshest questions at Robinhood CEO Vlad Tenev.

Credit: Bleacher Report AOL    Duration: 03:06Published
'I am not a cat' -investor, known on YouTube as Roaring Kitty [Video]

'I am not a cat' -investor, known on YouTube as Roaring Kitty

Keith Gill, a Reddit user and YouTube streamer known as Roaring Kitty who promoted his investment in GameStop, gave testimony in a Congressional hearing on Thursday.

Credit: Reuters Studio    Duration: 02:10Published

Reddit Reddit Social news aggregation, web content rating, livestreaming, and discussion platform

'We don't answer to hedge funds' -Robinhood CEO [Video]

'We don't answer to hedge funds' -Robinhood CEO

Robinhood CEO Vlad  Tenev on Thursday defended the online brokerage app's actions during the recent Reddit rally in shares of GameStop, saying: "Robinhood Securities put the restrictions in place in an effort to meet increased regulatory deposit requirements, not to help hedge funds. We don't answer to hedge funds. We serve the millions of small investors who use our platform every day to invest."

Credit: Reuters Studio    Duration: 01:46Published

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