GameStop extends Reddit driven hyper-rally after Elon Musk tweet

GameStop surged 50% in extended trade after Musk tweeted "Gamestonk!!", along with a link to Reddit's Wallstreetbets stock trading discussion group, where supporters affectionately refer to the Tesla CEO as "Papa Musk." "Stonks" is a tongue-in-cheek term for stocks widely used on social media.

from Gadgets Now https://ift.tt/3cfLnpe