Finance
Yeetum Report: what is going on with GameStop?
A clear explanation of the GameStop issue in the Finance world
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***There are several interpretations of this story: some side for the Brokerages which have been taking extreme actions, some others from the Reddit community which is condemning the brokerages. We have been following only public statements, we are not picking any side.
In the last few days, GameStop, a publicly-traded videogame retailer, has been at the center of attention because of brokerage intervention on its stock. Several Brokerages, starting with Robinhood App, have decided to prevent users from purchasing more GameStop stocks but allowing them to close their positions only, inevitably driving the price of GameStop stock down.
A simple explanation
If you are not acquainted with how the Stock Market works, this is a simple rule: when people purchase a stock, its price…
