×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Thursday
09
Apr 2026
weather symbol
Athens 17°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Reddit vs. Wall Street: The GameStop Saga (infographic)

Online brokers used by retail investors blocked the trade of the affected stocks

Newsroom January 30 01:54

In what could have been a relatively quiet post-inauguration week, a breathtaking story of David vs. Goliath played out on the world stage, turning financial markets upside down and wreaking havoc on Wall Street.

But let’s start from the beginning. Earlier this month, activist investor Ryan Cohen, founder of Chewy.com, joined the board of video game retailer GameStop along with two former Chewy colleagues. Cohen, GameStop’s second-largest shareholder, had long been pushing for a transformation of the struggling brick-and-mortar retailer, which is why his addition to the board fueled hopes of better times to come. GameStop’s stock rallied, forcing short-sellers, who had bet against the retailer, to cover their positions and buy more GameStop shares.

A few days later, after things had calmed down a bit, users on the Reddit board r/wallstreetbets noted that GameStop stock was still heavily-shorted and decided to buy up shares of the company to further drive up the price and force the hand of short-sellers. Word spread quickly and GameStop’s share price exploded over the next few days, as individual investors drove up the price enough for mighty hedge funds to abandon their positions and lose billions of dollars. By Wednesday, January 27, the stock had gained more than 700 percent over the course of four trading days, while the savvy redditors started targeting other heavily-shorted stocks.

On Thursday, after calls for help from Wall Street had grown louder, several online brokers used by retail investors blocked the trade of the affected stocks, allowing users only to sell their shares, which subsequently tumbled. After a public outcry, several brokers, most prominently Robinhood, reversed their decision after market close on Thursday, announcing that they’ll allow limited trade of the targeted companies on Friday.

>Related articles

GEK TERNA: Mediobanca raises target price to €45.7

Wall Street: the Fed split pressured equities and pushed up bond yields

Wall Street’s new “gold”: Nvidia poised to surpass $5 trillion in value – How AI transformed the company

So the saga continues. And while it’s yet unclear how the story will play out in the long term, it is almost certain to serve as a cautionary tale for years to come as it exposed the holes in a financial system usually dominated by big Wall Street firms.

Infographic: Reddit vs. Wall Street: The GameStop Saga | Statista

You will find more infographics at Statista

Ask me anything

Explore related questions

#GameStop#shares#stocks#trading#Wall Street
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Natural gas: Egypt “locks in” all production from the Aphrodite field in Cyprus

April 9, 2026

Netanyahu: Israel will start direct peace talks with Lebanon aimed at disarming Hezbollah

April 9, 2026

Mitsotakis on blocking social media: Parents are desperate, the next chapter will be gaming and online gambling

April 9, 2026

Holy light to “arrive” in Cyprus on special AEGEAN flight

April 9, 2026

Mexico: They rescued a miner who had been trapped in a flooded tunnel for 14 days, (video)

April 9, 2026

Working remotely in blooming springtime Greece

April 9, 2026

Greek Foreign Ministry to Turkey: The Treaty of Lausanne admits no interpretations; the Muslim minority of Thrace is religious

April 9, 2026

Shock in the US: The accused in Irina Zaroutska murder deemed unfit to stand trial!

April 9, 2026
All News

> Uncategorized

Israel: One dead and 14 injured in Hezbollah rocket barrage on Nahariya

According to authorities, a man around 30 years old was killed, and a 50-year-old was seriously injured and hospitalized

March 26, 2026

Frame-by-frame: Raid by the Hellenic Police in Roma settlements in Paiania & Spata – 16 arrests for electricity theft, 230 meters of cables removed

March 12, 2026

Tram derailment in Milan: At least one dead, 39 injured – Shocking video shows moment of impact

February 27, 2026

Imia, thirty years later: The 10+1 mistakes in the crisis that brought Greece and Turkey to the brink of war

January 30, 2026

Uprising against the Mullahs in Iran: Large protests, citizen drives car into Police, the country without internet

January 8, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα