Economy / FinancePolitics

GameStop Short Squeeze Explainedโ€”Jeff Carlson: Why Govt Shouldn’t Step In | American Thought Leaders


๐ŸšจSubscribe to our mailing list to stay connected, no matter what happens! Recently, small investors organized online to buy large amounts of GameStop stock and caused billions in losses to Wall Street hedge funds looking to short that stock and benefit from its declining price. GameStop had been sinking for years. But in January of this year, prices soared to over $300 a share. On January 28, the online stock trading platform, Robinhood, suspended all GameStop buying activities, crashing the price. Investors accused Robinhood of manipulating the market in favor of hedge funds, and a class-action lawsuit was filed….

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