Reddit trader invests extra $50,000 in GameStop stock

  • The Reddit trader known for creating a quick rise GameStop stock is increasing his stake by $50,000. Keith Gill posted a screenshot of his extra investment, which brings the value of his GameStop holdings to more than $4 million. This comes as shares of the retailer are plunging since peaking at more than $480.
  • Restaurant software company Toast is reportedly planning to go public later this year, which could value the cloud-based company at $20 billion. According to the Wall Street Journal, the company has contacted Goldman Sachs and JP Morgan as possible underwriters for the listing.
  • Tesla is reportedly no longer taking orders for the least expensive version of its Model Y vehicle. According to Electrek, the car maker is stopping orders of the “entry-level” electric crossover for undisclosed reasons. Tesla’s base price for the Model Y was around $40,000. It is not clear if the move is temporary or why Tesla dropped the standard range trim.