GameStop Shares Jump 40%

The company said that it had tapped co-founder Ryan Cohen to head up a new board committee to oversee GameStop’s shift to digital sales.

REUTERS/Shannon Stapleton

Robinhood Moves Toward IPO Despite GameStop Controversy

Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year, despite being embroiled in controversy over its treatment of its customers during the Gamestop trading frenzy and previous problems including trading outages.

Robinhood CEO Vladimir Tenev

GameStop Shares Rocket 104%

Shares of GameStop surged in the final hour of trading, rising nearly 104 percent to $91.70. Nearly all of those gains came in the final hour of trading when share prices moved up so quickly that they triggered a trading halt on the New York Stock Exchange.

REUTERS/Shannon Stapleton