The Reddit User Rally: GameStop Soars, Robinhood Resumes Trades ... And The SEC Says It Is Reviewing The Volatility
Squawk on the Street - En podcast af CNBC
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Carl Quintanilla, David Faber and Morgan Brennan kicked off the program by delving into the Reddit user rally: The wild ride continues as shares of GameStop, AMC Entertainment and other names soar after Robinhood lifted some trading restrictions following a backlash from users. The anchors also reacted to comments Robinhood CEO Vlad Tenev made to CNBC, as well as a statement from the SEC saying it is reviewing the recent trading volatility that has led to the meteoric rise of various stocks. Jim Cramer called into the program to offer his perspective on the GameStop frenzy. Also in focus: Earnings and market movers as January comes to a close.
