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.
Similar Stories to Reddit Is Back Up Following Outages During The Ongoing Gamestop Stock Situation on Bing News
Adam Bankhurst, IGN
Wed, 01/27/2021 - 2:09pm
BING NEWS:
- GameStop shares drop after retailer posts 29% sales decline, reveals stock sale plan
The video game retailer posted net sales of $881.8 million for the period. That's down 29% from $1.237 billion a year prior. The sales decline was steeper than the two Wall Street analysts who cover ...
06/6/2024 - 11:21 pm | View Link - More
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