All this stuff is blowing up in the news. If you don’t understand what’s happening, start here.
“A surge of retail stock trading over the last year lit the fuse that sent shares of GameStop Corp rocketing higher without a clear business reason, market watchers say, squeezing hedge funds that had bet against the video game retailer and other companies that were out of favor on Wall Street.
“What is going on? Here are some answers:
“More individuals have invested in stocks during the COVID-19 pandemic, and experts cite a number of reasons.
“Lockdowns boosted savings, policy stimulus put cash into people’s pockets, and extremely low interest rates drove investors to the stock market.
“Also, a proliferation of trading apps allowed anyone with a smartphone to buy or sell stocks for free.”
Read more at Global News