GameStop recorded $53.50 on the 4th (local time) on the New York Stock Exchange, a 42.11% drop from the previous trading day. This is 1/10th of last week’s high of $483. Recently, GameStop is plunging day after day.
This is interpreted as regulators are showing signs of launching an investigation into GameStop. On this day, Finance Minister Janet Yellen will meet with the heads of regulatory authorities including the Securities and Exchange Commission to discuss the GameStop situation.
Separately, the U.S. authorities launched an investigation into YouTuber Keith Jill, who led the rebellion of private investors. )’S former office worker, Massachusetts Mutual, sent an official letter to ask for information. The Massachusetts Mutual reportedly sent a reply saying, “I didn’t give permission, and if I knew I was doing such an activity, I would have been banned or fired.”
(Seoul = News 1)
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