The meme-stock wars continue as GME jumps again

Author: Adam Button | Category: News

Chamath Palihapitiya into the frey

Early Facebook employee and billionaire Chamath Palihapitiya jumped into the GameStop madness today, saying he was buying $115 calls of the company.

That put a target on that number and shares rallied to within a few cents of that from around $85 when he put out the tweet. It's now back to $100 and there have been several halts already today (after 9 of them yesterday).
Chamath Palihapitiya into the freyThere must be something going on with the former Facebook bros (and true crypto believers).
Some other heavily shorted stocks are also jumping today but it's all a sideshow for the big caps and the broader market.

After the bell today Microsoft reports but note that it's also flirting with an all-time high.

Here's a good dashboard for what they're talking about at WSB, if you're into that kind of thing.

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