Reddit Is Back Up Following Outages During The Ongoing Gamestop Stock Situation

Adam Bankhurst, IGN
Wed, 01/27/2021 - 2:09pm

Update (1/27/21) - Reddit has said it has resolved the issue. Original story follows. [poilib element="accentDivider"] Reddit is currently experiencing outages during the ongoing GameStop stock situation. Reddit has acknowledged the issue and has said to check out redditstatus.com for up-to-the-moment updates. [ignvideo url="https://www.ign.com/videos/2021/01/26/reddit-investor-group-drives-gamestop-stock-to-record-highs-ign-news"] As of this writing, GameStop stock is currently trading at an all-time high stock price of around $350, but it isn't due to a miraculous turnaround by the company, but a battle between short-sellers like Citron Research and others like the subreddit r/WallStreetBets. Short selling is more or less a strategy in which investors can borrow stock in exchange for an IOU.

Topics: update reddit original citron research short iou for adam bankhurst ign you twitter adambankhurst twitch reddit gamestop price issue poilib element="accentdivider story borrow r/wallstreetbets

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Reddit Is Back Up Following Outages During The Ongoing Gamestop Stock Situation

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