GameStop, Other Retail Darlings Dented After Reddit Group Briefly Shuts Doors

GameStop, Other Retail Darlings Dented After Reddit Group Briefly Shuts Doors
The logos of video game retail store GameStop and trading app Robinhood are displayed on a computer and a mobile phone in Arlington, Va., on Jan. 28, 2021. Olivier Douliery/AFP via Getty Images
Reuters
Updated:

A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday after moderators of a stock trading forum that has helped fuel massive rallies in the shares of GameStop temporarily closed its doors.

Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail traders on the Reddit website, briefly turned invitation-only. They pared those losses around an hour later, when the forum opened back up.