On Thursday, the House Financial Services Committee will host a hearing to discuss the recent GameStop stock speculation. The committee will hear from the CEO of Robinhood and other financial service apps that contributed to pushing the stock price of…
Tag: gamestop
Financial expert offer insight on Gamestop short squeeze
There are a few trends at work with the Reddit/Gamestop short squeeze, according to Daniel McKeever, assistant professor in the School of Management at Binghamton University, State University of New York. The first is the gamification of trading on app-based…
GameStop trade clash roils the market, but economic fundamentals will prevail
What should we make of the spikes in the stock prices of companies like GameStop and AMC Entertainment? Has the pandemic suspended the laws of economics as they apply to share prices? Is there something more nefarious going on? Some brokerage…
GameStop chaos offers test of post-2008 financial regime
Chaos erupted on Wall Street this week as members of a stock trading group on Reddit collectively bought stock in GameStop and AMC, among others, unexpectedly and exponentially raising stock prices. Robert Hockett is professor of law at Cornell…