Denemek ALTIN - Özgür
GameStop fever stirs questions of market manipulation
The Straits Times
|June 17, 2024
Trading firms, former fans of influencer Keith Gill are eyeing him with suspicion
-
As a renewed bout of GameStop fever gripped the meme-stock faithful, fans of trading influencer Keith Gill waited for one moment: the day their hero, aka "Roaring Kitty", would become a billionaire.
The notion was hardly farfetched. Over the course of two weeks, Mr Gill had been posting images of a massive stake in GameStop and its call options in a portfolio that peaked at more than US$550 million (S$744 million) on June 6. Though he has added even more stock since then, the dollar value of his holdings has dropped along with the company's shares.
With the stock little changed since the early days of its latest mania, a new kind of anxiety is building among Wall Street and retail traders alike.
The original 2021 GameStop rally shook the idea of short selling to its core eroding the appeal of betting against a floundering company when you can wind up feeling the wrath of Redditors. This time around, the question is about what counts as market manipulation.
Bu hikaye The Straits Times dergisinin June 17, 2024 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
The Straits Times'den DAHA FAZLA HİKAYE
The Straits Times
TOAST TO TRADITION
Other Middle Eastern cooks, however, are sticking to their guns, even though marketing their food as Turkish or Lebanese might not immediately ring a bell with diners looking for an approximate rundown of the Middle East’s greatest hits.
2 mins
November 02, 2025
The Straits Times
RECOVER
Post-workout recovery is the new wellness, with at least 10 new spaces offering ice baths and saunas - and a place to socialise
7 mins
November 02, 2025
The Straits Times
WILL POGACAR BECOME CYCLING'S G.O.A.T?
After a season spent demolishing and demoralising his rivals, Tadej Pogacar has the cycling world pondering about his place in the peloton of greats.
5 mins
November 02, 2025
The Straits Times
Two young editors have worked to posthumously publish In The Mirror: New And Selected Poems Of Wong Phui Nam
Up until the hours before he died at 87 on Sept 26, 2022, in Kuala Lumpur, Malaysian poet Wong Phui Nam was fiddling restlessly with two manuscripts, making minute revisions to lines from six decades ago and compiling a collection of new poems he had titled In The Mirror.
3 mins
November 02, 2025
The Straits Times
Be fair on fixture crowding: Arteta
Arsenal have opposed Crystal Palace’s request to reschedule their League Cup quarterfinal to Dec 23, with manager Mikel Arteta saying it would be unfair for both teams to play twice in barely 48 hours.
2 mins
November 02, 2025
The Straits Times
MASTEROFMYUNIVERSE TO RULE
5 Masterofmyuniverse resumed with a solid effort for seventh behind Tomodachi Kokoroe, finishing off strongly.
1 min
November 02, 2025
The Straits Times
New satellite images suggest mass killings continue in Sudan's El-Fasher
New satellite imagery suggests that mass killings are likely continuing in and around the Sudanese city of El-Fasher, Yale researchers said, days after it fell to the paramilitary Rapid Support Forces (RSF).
1 mins
November 02, 2025
The Straits Times
Can America learn to make again?
Dream of an all-American bicycle takes shape while a toymaker struggles to survive amid Trump's big manufacturing push.
2 mins
November 02, 2025
The Straits Times
How to be a confident home cook, the Ottolenghi way
Anxious cooks, take a breath. Israeli-British chef Yotam Ottolenghi thinks that mastering a handful of recipes and riffing off them is the way to go.
4 mins
November 02, 2025
The Straits Times
KEEPING CALM THE 'BIGGEST LESSON'
Sabalenka aims to keep her emotions in check in bid for first WTA Finals crown
2 mins
November 02, 2025
Listen
Translate
Change font size