Everand Logo

Welcome to Everand!

  • NPR

    Game Back On: GameStop Stock Rebounds As SEC Warns Against Market Manipulation

    The video game retailer's shares shoot up, the online broker Robinhood struggles for cash and securities regulators issue a stern warning for anyone trying to game the market.
    by Avie Schneider Jan 29, 2021 2 minutes
    Source: Daniel Wood and Connie Hanzhang Jin

    The GameStop stock-market roller coaster continued Friday as the video game retailer's shares shot up, the online broker Robinhood struggled for cash and securities regulators issued a stern warning for anyone trying to game the market.

    Catapulted by seemingly unrelenting enthusiasm on Reddit, GameStop stock soared more than 70%.

    On Thursday, it had plunged, an online trading forum, restricted trades on GameStop, AMC Entertainment and other stocks that have been driven up by amateur day traders on Reddit's r/wallstreetbets community, which now has 6 million members.

    You’re reading a preview, subscribe to read more.

    More from NPR

    NPR2 min read
    U.S. Troops And Equipment Will Leave Niger By Mid-September, The Pentagon Says
    Niger's decision to kick out American forces dealt a blow to U.S. military operations in the Sahel. U.S. troops and some gear already have begun leaving the country.
    NPR1 min read
    Don't Fight Back
    In 1964, the Birmingham Barons become Alabama's first integrated sports team. This is 17 years after Jackie Robinson integrated the Major Leagues. What took so long?Today, we hear how baseball helps desegregate America's most segregated city. Roy Woo
    NPR1 min read
    New Music Friday: The best albums out June 14
    This week, NPR Music's Daoud Tyler-Ameen and Ann Powers steer the New Music Friday podcast straight into the oncoming Father's Day weekend, following the lead of country superstar Luke Combs, whose new album Fathers & Sons is a heartfelt meditati

    Related Books & Audiobooks