Article: We were ‘dangerously close’ to collapse of ‘entire system,’ says Interactive Brokers founder ahead of GameStop hearing

Article - Media, Publications
12875

We were ‘dangerously close’ to collapse of ‘entire system,’ says Interactive Brokers founder ahead of GameStop hearing

Mark DeCambre, 17 February 2021

That’s Thomas Peterffy, founder and chairman of Interactive Brokers Group Inc., detailing Wednesday on CNBC the dire situation in which the market stood in late January as individual investors on social-media platforms banded together to send a handful of heavily shorted stocks, including bricks-and-mortar videogame retailer GameStop Corp. GME, -11.43% and movie chain AMC Entertainment Holdings AMC, -0.72%, to sky-high levels, with shockwaves registering throughout the market.

Read full post.

12875