Around mid-January, shares of GameStop (GME) — a brick-and-mortar retailer that most analysts expected to go the way of Blockbuster — began surging, fueled by a pile-on of day traders from the WallStreetBets forum on Reddit. They were doubling, tripling, their positions by the day, chanting “diamond hands,” and “to […]
GameStop booster on Reddit is under regulatory scrutiny
Keith Gill, a Massachusetts investor who found fame and riches by promoting GameStop Inc. stock, has drawn the attention of the state’s top financial regulator, the New York Times reported Thursday. William Galvin, the Massachusetts secretary of the commonwealth, took interest after it was revealed that Gill is a registered […]