Shares of GameStop plummeted over 49% Tuesday to around $114 in a sign that the Reddit-fuelled rally in the stock was losing momentum, which could mean the stock will eventually return to the levels of around $20 where it traded just a few weeks ago. Individual investors had pushed the stock to a high of $347, squeezing big hedge funds that had bet against GameStock shares. Trading activity...
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The Flaws in FTC’s Amazon Case
Talk about anticlimactic. We’ve been expecting today’s Federal Trade Commission antitrust lawsuit against Amazon since the day commission chair Lina Khan was sworn into office in June 2021. After all, she rose to antitrust fame with her 2017 Yale Law Journal paper arguing that modern competition policy wasn’t equipped to deal with the threat Amazon posed. Yet despite the plentiful time for...
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