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The GameStop stock surge, explained
Posted
February 2, 2021
Views
103,265
Likes
1,560
Comments
1,150
Engagement
2.62%
February 2, 2021
103,265
1,560
1,150
2.62%
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When GameStop’s stock surged with the help of amateur traders and Reddit’s r/wallstreetbets in January, the traditional financial world was taken almost entirely by surprise. CNN’s Chris Cillizza explains the politics at work in the stock’s surge — and how it connects to some of the same ideas pushed by former President Donald Trump.
SOURCES AND FURTHER READING:
GameStop's stock is going through some stuff. You can thank Reddit
Malls are doomed: 25% will be gone in 5 years
Robinhood blocks purchases of GameStop, AMC, and others after days of Reddit-fueled rallies
Class-action lawsuit filed against Robinhood following outrage over GameStop stock restriction
50 haunting photos of abandoned shopping malls across America
Trump wants his supporters called the “super-elite” because “we got more money” and “nicer boats”
About me:
I was named "best dressed" in 7th grade. That, along with being CNN's editor at large and author of the daily "Point" newsletter are my proudest achievements. Look for me here every Tuesday and Thursday to find out what’s really going down in politics.
CREDITS
Writer: Chris Cillizza
Producer: Allison Gordon
The Point Editor: Leigh Munsil
Video Editor: Wes Latta
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