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Reddit Users Push Limits of GameStop Stock

cdragoo2

According to Oscar Gonzalez from cnet.com, "GameStop's stock price soared late January as traders in the r/WallStreetBets Reddit community took on Wall Street hedge funds that wagered the video game retailer would fail." The several million users in this subreddit page were responsible for creating a brief up rise in each share price to over 14,000% its original amount. This brought attention to lawmakers and now "The House Committee on Financial Services is holding a virtual hearing" on the matter whether or not it's considered market manipulation. Robinhood is also being questioned for shutting down GameStop's stock completely for being a "meme stock." Through Gonzalez's words, one can easily determine how credible he is on the subject by soaking up all of his knowledge on the situation, fact checking his spot on statistics, and clicking on the links he provided to get an outside opinion on the subject. He uses images to depict the magnitude of the situation as well. Overall, his credibility is what allows him to be able to convince his reader's that his work is worth reading.

[1 image, 1 link, 3 quotes, 180 words]

 
 
 

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