GameStop's Meme Stock Frenzy Puts E*Trade in a Tight Spot
TL;DR Summary
GameStop shares fell 5% on Tuesday after a 21% gain the previous day, driven by a social media post from "Deep Fing Value" showing a $175 million investment in GME. The rally was short-lived, with analysts warning against chasing the stock. Morgan Stanley's E-Trade considered banning the account, sparking debate. GameStop and AMC both capitalized on recent meme stock rallies by issuing new shares.
- GameStop stock falls 5% as latest meme rally fades Yahoo Finance
- How Roaring Kitty's wealth went from $53,000 to nearly $300 million — and could one day top $1 billion CNBC
- Exclusive | E*Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform The Wall Street Journal
- GameStop stock and 'Roaring Kitty' have E*Trade between a rock and a hard place, strategist says Quartz
- Market experts unveil what's really behind the meme stock craze Fox Business
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