×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
14
Jan 2026
weather symbol
Athens 15°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

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

New 15-year record for the Athens Stock Exchange – reached 1,880 points

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

Plakias on Karystianou: There isn’t just one “mother of Tempi,” there are many – No relatives will follow her into her party

January 14, 2026

“We will take Greenland – Nothing less is acceptable,” says Trump, calling on NATO to cooperate

January 14, 2026

Tsiaras on farmers: The State cannot operate with obsessions, egos, and stubbornness — We are waiting their response

January 14, 2026

Why the mullahs’ regime is still holding on despite the protests – These are Trump’s options for intervention in Iran

January 14, 2026

Greenland: Now is not the time to talk about independence, says Prime Minister

January 14, 2026

Why Gen Z is returning to religion: what new research in the United Kingdom shows

January 14, 2026

Striking discovery about beaked whales: How sounds reveal the secrets of the most mysterious whales

January 14, 2026

Mitsotakis at a law firm for the presentation of the new digital court file

January 14, 2026
All News

> Lifestyle

Next-level skylines: The towers transforming cities in 2026

From living and working spaces, to places of culture and tourism, these skyscrapers showcase contemporary architecture

January 13, 2026

Stefanos Kasselakis: The family “jewel” in Ekali is up for rent at €20,000 per month

January 10, 2026

Emily Ratajkowski in Athens with Romain Gavras

January 2, 2026

Sakkari on the marriage proposal from Konstantinos Mitsotakis: “I am a very lucky girl”

January 2, 2026

Konstantinos Mitsotakis proposed to Maria Sakkari

January 1, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα