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February 15, 2021They are coming for individual investors now.
The stakes have been raised in the great GameStop stocks debacle as the US Justice Department has become involved. After the White House and Congress have weighed in on the recent situation, it now seems that federal investigators are becoming involved. Despite the overall situation having calmed down, the aftermath is still one that could have lots of consequences for both individuals and the stock market itself.
At the start of 2021, the stock for GameStop began to rise quite dramatically thanks to a short-squeeze. Going from a mere $20 a share to $40… and then all the way to the triple digits. The stock soared for about a week, largely thanks in part due to media attention and the help of prominent figures like the richest man in the world, Elon Musk. It didn’t take much for the momentum on the stock to get going, but once it did, it became an event that will surely go down in history.
