(Reuters) – A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday after moderators of a stock trading forum that has helped fuel massive rallies in the shares of GameStop temporarily closed its doors.
Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail traders on the Reddit website, briefly turned invitation-only. They pared those losses around an hour later, when the forum opened back up. Read more…..
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Shares of the struggling video game retailer GameStop have suddenly skyrocketed in price, driven by small investors via social media. NBC senior business correspondent Stephanie Ruhle joins TODAY to tell you what you need to know.