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Marketplace All-in-One

Yet another GameStop stock rally

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 14 May 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Shares of video game retailer GameStop skyrocketed nearly 75% yesterday and are poised to shoot even higher today. That comes after the trader who championed the last run-up in GameStop’s share value posted on social media for the first time since 2021. We’ll hear the latest. Also on the program: regulator concerns over election bets and a dip in medical student residency applications in states with abortion bans.

Transcript

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0:16.9

We need you now. One generous marketplace fan, Dr. Joe Rush from Florida, is offering to match the next $50,000 in donations to marketplace. And every single gift gets us closer to a critically important May fundraising goal. Give right now and double your impact.

0:19.0

Thanks to this generous match.

0:20.8

Go to Marketplace.org slash donate.

0:24.0

My name is Lee Hawkins.

0:28.0

I've been a journalist for over 25 years. On my new podcast, What Happened in Alabama,

0:37.0

I get answers to some of the hardest questions about how things came to be for many black Americans and the truth that must come

0:45.3

before any reconciliation can happen. I investigate my family history, my upbringing

0:51.8

in Minnesota, and my father's painful nightmares about growing up in Alabama.

0:57.0

What happened in Alabama is a new series confronting the cycles of trauma for myself, my family, and for many black Americans.

1:06.0

Listen now. The madness of crowds as individual investors buy stocks like crazy.

1:21.8

I'm David Brancaccio in New York.

1:24.0

Shares of GameStop, the retailer that sells physical editions of video games

1:29.0

are poised to shoot even higher today.

1:31.0

They skyrocketed nearly 75% yesterday after the trader who championed

1:36.3

the last run-up in GameStop's share value, posted on social media for the first time since 2021.

1:42.4

Now back then, many individual investors lost thousands of dollars, some gained, there was a class

1:48.2

action lawsuit, regulatory penalties, Marketplace's Novosafo has more.

1:52.4

At a GameStop store in New York City, ain't penalties, Marketplace's Novasafo has more.

1:53.0

At a Game Stop store in New York City, Angel Gonzalez was trading in four physical copies of

1:58.1

video games to collect some cash, like a used bookstore.

2:01.4

I've been a gamer for quite some time now most of my life

2:04.0

that I was 32. Gonzales says he collects video games the way music

...

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