Shares of GameStop and other companies plummeted in regular trading Thursday, even as leading brokerages moved to limit trading in the stocks — a decision that infuriated lawmakers and the ordinary retail investors who had used those stocks to wage a populist war against big Wall Street hedge funds. Those investors had been coordinating on a Reddit message board to send the prices of those stocks soaring for most of this week, inflicting painful losses on hedge funds that bet the shares would drop. The narrative of an online army of ordinary investors waging war against well-heeled financial firms has transfixed Wall Street this week. But on Thursday, many of those stocks were sold off, despite some users of the Reddit message board pleading with people to hold onto their investments. GameStop stock closed down 44 percent. Other stocks boosted by investors on the Reddit message board also cratered, with movie theater giant AMC Entertainment dropping 57 percent; BlackBerry shedding 42 percent; and Nokia falling 29 percent.
What's going on Internet, Analytic here aka Dreamz and I would like to welcome you to mine, which I call the Notorious Mass Effect Podcast! I am your Hip-Hop / Gaming News source with a little bit of R&B mixed in. For Episode 35: “LIL DURK - THE VOICE (dlx)” “GAMESTOP STOCKS Featuring Ja Rule” “MEEK MILL” & “PARTYNEXTDOOR - COLOURS” But before that make sure to Click my Linktree in my bio to access my social medias and follow, to keep up with my latest activities, if you want to financially support the show click my cash app link located towards the top of my linktree as it helps the show overall and keeps me motivated, also make sure to share this podcast and rate this 5 stars on Apple Podcasts as this helps the show reach more people so we can grow together and effect the masses!
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