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GameStop stock is plummeting but the Reddit rebellion is just beginning – CNN

https://www.cnn.com/2021/02/02/investing/gamestop-stocks-investing/index.html

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It could’ve gone very differently”,”duration”:”02:22″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/29/trader-millionaire-gamestop-stock-orig.cnn/index.xml”,”videoId”:”business/2021/01/29/trader-millionaire-gamestop-stock-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210129181806-aj-vanover-gamestop-wallstreetbets-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/29/trader-millionaire-gamestop-stock-orig.cnn/video/playlists/business-markets-investing/”,”description”:”AJ Vanover put about $4,500 into a risky bet on GameStop and followed the saga on the subreddit Wallstreetbets. Now, this Missouri dad who earns $35,000 a year is a millionaire on paper. CNN’s Jon Sarlin asks him why he isn’t cashing out.”,”descriptionText”:”AJ Vanover put about $4,500 into a risky bet on GameStop and followed the saga on the subreddit Wallstreetbets. Now, this Missouri dad who earns $35,000 a year is a millionaire on paper. CNN’s Jon Sarlin asks him why he isn’t cashing out.”},{“title”:”GameStop mania shakes up Wall Street”,”duration”:”03:16″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/29/gamestop-trading-revolution.cnnbusiness/index.xml”,”videoId”:”business/2021/01/29/gamestop-trading-revolution.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210129151517-gamestop-sign-0127-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/29/gamestop-trading-revolution.cnnbusiness/video/playlists/business-markets-investing/”,”description”:”An army of traders on Reddit are buying GameStop stock in a play to hurt short-sellers. CNN’s Richard Quest reports on the trading revolution.”,”descriptionText”:”An army of traders on Reddit are buying GameStop stock in a play to hurt short-sellers. CNN’s Richard Quest reports on the trading revolution.”},{“title”:”Christine Romans: This is being fueled by the elixir of a quick profit”,”duration”:”05:26″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/29/gamestop-reddit-robinhood-wall-street-investing.cnnbusiness/index.xml”,”videoId”:”business/2021/01/29/gamestop-reddit-robinhood-wall-street-investing.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210129113422-christine-romans-gamestop-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/29/gamestop-reddit-robinhood-wall-street-investing.cnnbusiness/video/playlists/business-markets-investing/”,”description”:”CNN’s Christine Romans and Julia Chatterley discuss the GameStop trading frenzy and its implications for Wall Street. “,”descriptionText”:”CNN’s Christine Romans and Julia Chatterley discuss the GameStop trading frenzy and its implications for Wall Street. “},{“title”:”Robinhood CEO speaks to Cuomo after GameStop stock chaos”,”duration”:”05:49″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/29/robinhood-ceo-vlad-tenev-gamestop-stock-cpt-vpx.cnn/index.xml”,”videoId”:”business/2021/01/29/robinhood-ceo-vlad-tenev-gamestop-stock-cpt-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210128220354-vlad-tenev-cpt-intv-0128-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/29/robinhood-ceo-vlad-tenev-gamestop-stock-cpt-vpx.cnn/video/playlists/business-markets-investing/”,”description”:”CNN’s Chris Cuomo speaks with Vlad Tenev, CEO of the stock-trading app Robinhood, after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular subreddit for investors.”,”descriptionText”:”CNN’s Chris Cuomo speaks with Vlad Tenev, CEO of the stock-trading app Robinhood, after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular subreddit for investors.”},{“title”:”Jordan Belfort: Robinhood shutting down GameStop activity because massive liability”,”duration”:”01:54″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/28/jordan-belfort-robinhood-reddit-wallstreet-liability-sot-nr-vpx.cnn/index.xml”,”videoId”:”business/2021/01/28/jordan-belfort-robinhood-reddit-wallstreet-liability-sot-nr-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210128171058-jordan-belfort-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/28/jordan-belfort-robinhood-reddit-wallstreet-liability-sot-nr-vpx.cnn/video/playlists/business-markets-investing/”,”description”:”In an interview with CNN’s Brooke Baldwin, the “Wolf of Wall Street” Jordan Belfort said that platforms like Robinhood are shutting down because when stocks come crashing down, there will be “lawsuits flying.””,”descriptionText”:”In an interview with CNN’s Brooke Baldwin, the “Wolf of Wall Street” Jordan Belfort said that platforms like Robinhood are shutting down because when stocks come crashing down, there will be “lawsuits flying.””},{“title”:”Robinhood restricts GameStop trades, among others”,”duration”:”03:00″,”sourceName”:”CNNbusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/28/robinhood-gamestop-trading.cnnbusiness/index.xml”,”videoId”:”business/2021/01/28/robinhood-gamestop-trading.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210128092214-01-robinhood-app-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/28/robinhood-gamestop-trading.cnnbusiness/video/playlists/business-markets-investing/”,”description”:”GameStop shares fell after Robinhood clamped down on trades. CNN’s Paul R. La Monica reports.”,”descriptionText”:”GameStop shares fell after Robinhood clamped down on trades. CNN’s Paul R. La Monica reports.”},{“title”:”WallStreetBets founder on GameStop: There is no precedent for this”,”duration”:”05:28″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/28/wallstreetbets-founder-jaime-rogozinski-gamestop.cnnbusiness/index.xml”,”videoId”:”business/2021/01/28/wallstreetbets-founder-jaime-rogozinski-gamestop.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210128095847-jaime-rogozinski-wallstreetbets-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/28/wallstreetbets-founder-jaime-rogozinski-gamestop.cnnbusiness/video/playlists/business-markets-investing/”,”description”:”Jaime Rogozinski, founder of the WallStreetBets trading forum on Reddit, says people are “placing bets on a market in a way that they are actually affecting the odds of the outcome.” He speaks with CNN’s Julia Chatterley about the stock frenzy.”,”descriptionText”:”Jaime Rogozinski, founder of the WallStreetBets trading forum on Reddit, says people are “placing bets on a market in a way that they are actually affecting the odds of the outcome.” He speaks with CNN’s Julia Chatterley about the stock frenzy.”},{“title”:”Jordan Belfort: GameStop frenzy is a ‘modified pump and dump'”,”duration”:”04:58″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/27/jordan-belfort-gamestop-stock-surge.cnnbusiness/index.xml”,”videoId”:”business/2021/01/27/jordan-belfort-gamestop-stock-surge.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210127154545-jordan-belfort-wolf-of-wall-street-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/27/jordan-belfort-gamestop-stock-surge.cnnbusiness/video/playlists/business-markets-investing/”,”description”:””Wolf of Wall Street” author Jordan Belfort discusses GameStop’s stock surge and what it means for Wall Street investors. “,”descriptionText”:””Wolf of Wall Street” author Jordan Belfort discusses GameStop’s stock surge and what it means for Wall Street investors. “},{“title”:”GameStop’s ascent: Reddit traders vs hedge funds”,”duration”:”02:40″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/27/gamestop-stock-surge-reddit.cnnbusiness/index.xml”,”videoId”:”business/2021/01/27/gamestop-stock-surge-reddit.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/191211090720-gamestop-0916-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/27/gamestop-stock-surge-reddit.cnnbusiness/video/playlists/business-markets-investing/”,”description”:”A group of investors on Reddit have helped fuel a so-called short squeeze in GameStop stock. CNN’s Christine Romans reports.”,”descriptionText”:”A group of investors on Reddit have helped fuel a so-called short squeeze in GameStop stock. CNN’s Christine Romans reports.”},{“title”:”Discovery CEO: Discovery+ has a library as big as Netflix’s”,”duration”:”01:47″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/27/discovery-netflix-streaming-david-zaslav-markets-now-orig.cnn-business/index.xml”,”videoId”:”business/2021/01/27/discovery-netflix-streaming-david-zaslav-markets-now-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210127132612-david-zaslav-markets-now-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/27/discovery-netflix-streaming-david-zaslav-markets-now-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”Discovery+ launched in a competitive streaming market. David Zaslav, Discovery President & CEO, explains why its streaming service acts as a complement to established brands such as Netflix and Disney+.”,”descriptionText”:”Discovery+ launched in a competitive streaming market. David Zaslav, Discovery President & CEO, explains why its streaming service acts as a complement to established brands such as Netflix and Disney+.”},{“title”:”Strategist: Congress will likely trim Biden’s stimulus bill”,”duration”:”01:35″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/20/biden-covid-19-stimulus-bill-likely-trimmed-by-congress-greg-valliere-orig.cnn-business/index.xml”,”videoId”:”business/2021/01/20/biden-covid-19-stimulus-bill-likely-trimmed-by-congress-greg-valliere-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210120092952-20210120-markets-now-02-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/20/biden-covid-19-stimulus-bill-likely-trimmed-by-congress-greg-valliere-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”As President Joe Biden enters the Oval Office, the future of his proposed $1.9 trillion Covid-19 relief plan remains up in the air. Greg Valliere, Chief U.S. Policy Strategist at AGF Investments, lays out the obstacles that lie ahead.”,”descriptionText”:”As President Joe Biden enters the Oval Office, the future of his proposed $1.9 trillion Covid-19 relief plan remains up in the air. Greg Valliere, Chief U.S. Policy Strategist at AGF Investments, lays out the obstacles that lie ahead.”},{“title”:”Early Facebook investor: Sandberg’s denial of Facebook’s role is ‘laughable'”,”duration”:”03:07″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/13/roger-mcnamee-fb-capitol-markets-now.cnn-business/index.xml”,”videoId”:”business/2021/01/13/roger-mcnamee-fb-capitol-markets-now.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210113144835-roger-mcnamee-fb-capitol-markets-now-00013227-large-169.png”,”videoUrl”:”/videos/business/2021/01/13/roger-mcnamee-fb-capitol-markets-now.cnn-business/video/playlists/business-markets-investing/”,”description”:”What responsibility does Facebook have for the Capitol riot? Roger McNamee tells CNN’s Alison Kosik that Sheryl Sandberg is “gaslighting” by denying that the Capitol riot was organized on Facebook.”,”descriptionText”:”What responsibility does Facebook have for the Capitol riot? Roger McNamee tells CNN’s Alison Kosik that Sheryl Sandberg is “gaslighting” by denying that the Capitol riot was organized on Facebook.”},{“title”:”Why Wall Street is hopeful about Biden despite economic challenges”,”duration”:”02:02″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/01/11/biden-trump-economy-unemployment-jobs-wall-street-stocks-orig.cnn-business/index.xml”,”videoId”:”business/2021/01/11/biden-trump-economy-unemployment-jobs-wall-street-stocks-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/200908094343-04-joe-biden-0904-large-169.jpg”,”videoUrl”:”/videos/business/2021/01/11/biden-trump-economy-unemployment-jobs-wall-street-stocks-orig.cnn-business/video/playlists/business-markets-investing/”,”description”:”On January 20th Joe Biden will inherit the world’s largest economy in a state of high unemployment and lagging GDP, in the midst of a debilitating public health crisis. CNN’s Christine Romans explains why Wall Street is optimistic despite those realities.”,”descriptionText”:”On January 20th Joe Biden will inherit the world’s largest economy in a state of high unemployment and lagging GDP, in the midst of a debilitating public health crisis. CNN’s Christine Romans explains why Wall Street is optimistic despite those realities.”}],’js-video_headline-featured-gxjvkd’,”,”js-video_source-featured-gxjvkd”,true,true,’business-markets-investing’);if (typeof configObj.context !== ‘string’ || configObj.context.length