How Reddit traders drove GameStop stock up 275% in a week: CNBC After Hours

CNBC Television published this video item, entitled “How Reddit traders drove GameStop stock up 275% in a week: CNBC After Hours” – below is their description.

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, reporters from across the CNBC newsroom explain the GameStop phenomenon, in which a Reddit-fueled rally to punish short sellers is sending the stock skyrocketing above its fundamental valuation. Plus, a titan of the private equity industry steps back after an external review uncovered $160 million in payments to convicted sex offender Jeffrey Epstein.

00:00 — CNBC After Hours: Jan. 26, 2021

0:38 — Major averages finish the day lower

1:34 — How Reddit traders are sending GameStop stock soaring

4:43 — CNBC Soundcheck

6:55 — Leon Black steps down as Apollo CEO

10:10 — Numbers Round

CNBC Television YouTube Channel

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In This Story: GameStop

GameStop (NYSE: GME) is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, United States, a suburb of Dallas, and operates 5,509 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe as of February 1, 2020.

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  • In This Story: Jeffrey Epstein

    Jeffrey Edward Epstein was an American financier and convicted sex offender. He began his professional life as a teacher but then switched to the banking and finance sector in various roles, working at Bear Stearns before forming his own firm.

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  • In This Story: Reddit

    Reddit is a social news aggregation, web content rating, and discussion website. Registered members submit content to the site such as links, text posts, and images, which are then voted up or down by other members.

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