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As one of the world’s most influential business hubs, the Middle East requires expert attention. Business Extra provides those experts, as well as news and insights from The National’s esteemed team of business editors and reporters, who are on top of the markets, technology, the energy sector and more.
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Thursday Jan 28, 2021
Reddit, Wall Street and the GameStop stock surge
Thursday Jan 28, 2021
Thursday Jan 28, 2021
Is there a revolution taking place in the US stock market? The GameStop stock price has surged because of support from an online community on Reddit. This goes against some of the big boys of Wall Street who have been shorting the same stocks. Losses in the market are estimated at billions of dollars. Hosts Mustafa Alrawi and Kelsey Warner explain what is happening, who the major players are and what we can expect for the region.
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