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Reddit trades crumble as GameStop, AMC and silver plunge

Bloomberg
Bloomberg2/2/2021 7:38 PM GMT+08  • 2 min read
Reddit trades crumble as GameStop, AMC and silver plunge
GameStop Corp. sank 23% in US pre-market trading, extending a 31% plunge on Monday.
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The wild run-up of trades popular with Reddit crowds is starting to come crashing down.

GameStop Corp. sank 23% in US pre-market trading, extending a 31% plunge on Monday. AMC Entertainment Holdings Inc. slid 21% and Express Inc. lost 15%. Silver tumbled 5% after surging to an eight-year high.

The speculative activity hatched online has captivated global markets, drawing attention from US politicians and overwhelming brokerages around the world. Now, the speculative tide is turning.

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