White House Monitoring GameStop

The Guardian Stock markets White House ‘monitoring’ GameStop share surge as US hedge fund pulls out Mark Sweney and Dominic Rushe in New York Thu 28 Jan 2021 07.26 GMT Press secretary, Jen Psaki, said the White House was ‘actively monitoring’ the ongoing market volatility. Photograph: Mandel Ngan/AFP/Getty Images The White House has said it is “monitoring” the extraordinary surge in the share price of the ailing video games retailer GameStop and other companies amid a surge of bets by small investors discussing their investments online.

A screenshot of a Guardian article about the White House monitoring the GameStop stock surge, with Jen Psaki speaking at a White House podium. The joke is that the chaotic Reddit-driven short squeeze became so enormous and absurd that it attracted the attention of the US government, fitting the surrounding WallStreetBets saga. EN: A screenshot of a Guardian article about the White House monitoring the GameStop stock surge, with Jen Psaki speaking at a White House podium. The joke is that the chaotic Reddit-driven short squeeze became so enormous and absurd that it attracted the attention of the US government, fitting the surrounding WallStreetBets saga.

• @dustinthehead / 2339 2021-01-28