GameStop’s roller-coaster ride on the stock market has prompted government investigations.
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GameStop’s stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit and trading app Robinhood played in the stock market craziness.
The Department of Justice’s fraud section and the San Francisco US attorney’s office are seeking information about the trading frenzy from social media companies and trading…
Source CNET Internet News
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