FinTech Magazine - March 2021 | Page 15

27.01.21 28.01.21 29.01.21 01.02.21
© BY DUNCAN . HULL

27.01.21 28.01.21 29.01.21 01.02.21

Elon Musk ’ s tweet “ Gamestonk !!” coincides with a massive rise in investment ; GME reaches a high of $ 483 and closes at $ 347.51 .
Robinhood restricts trading and there are claims that some users ’ assets have been sold without authorisation ; GME closes at $ 194 .
Analyses from experts theorise that Wall Street shorting positions could have resulted in losses of roughly $ 8bn .
Vladimir Tenev states that restrictions have been lifted . Musk confronts Tenev on Blink and requests a public explanation for the events of 28 January ; GME closes at $ 225 .
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