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France 24
France 24
Business

GameStop shares double in value in return of trading frenzy

BUSINESS DAILY © FRANCE 24

Shares in the video game retailer GameStop more than doubled on Wall Street on Wednesday, in a return of the trading frenzy that gripped the company last month. People posting on the Reddit "Wall Street Bets" online forum celebrated the stock price rising to over $90, after seeing it collapse from levels close to $350 in recent weeks. Also, the Australian airline Qantas reports losses worth almost €1 billion for the second half of 2020, after it suspended all international flights due to coronavirus restrictions.

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