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GameStop, other retail darlings dented after Reddit group briefly shuts doors

Sagarika Jaisinghani, Medha Singh and Svea Herbst-Bayliss

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New York | A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday (Thursday AEDT) 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.

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Reuters

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    Original URL: https://www.afr.com/markets/equity-markets/gamestop-other-retail-darlings-dented-after-reddit-group-briefly-shuts-doors-20210128-p56xj8