Wall Street

Jaime Rogozinski, who created Reddit’s WallStreetBets, on Tuesday said pent-up emotions are just beginning to surface and it’s “absolutely fascinating to watch.”

Everyday investors have sent shockwaves through the market using the Robinhood app.

Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January, a source familiar with the matter told FOX Business. Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January.

Rep. Ilhan Omar called for a new tax on stock trades after a battle between an army of amateur investors and hedge funds caused a dramatic swing in the share price of GameStop and other heavily shorted companies.