Perhaps the Securities and Exchange Commission could halt trading of GME for a short time, as it’s occasionally done in hectic situations in the past, and that might send the stock back to Earth. But none of the experts I spoke to could figure out what argument a regulatory agency might make against the Redditors’ actions. It’s at least possible that government regulators will step in and try to make it harder for groups like r/WallStreetBets to throw their weight around to such dramatic effect. Whatever the stock does, the effect of this entire bizarre story will reverberate widely, touching countless people who had nothing to do with Reddit’s bout against Wall Street.
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