By Matthew Makowski Popular investment app Robinhood blocked GameStop (NYSE: GME) trading Thursday amidst high volume and volatility. The move drew the ire of many investors. And the decision sent shares of the not-so-popular retail outfit tumbling.
Before we get into the latest, let’s look back at the events that led up to the meteoric rise in the price of GameStop shares.
Back in December, GameStop shares tanked. The company missed Wall Street estimates for quarterly revenue. The major factors were the pandemic (less in-store sales) and a rise in digital downloads that circumnavigate retailers like GameStop.
Then earlier in the month, GameStop appointed Chewey.com co-founder …read more
