Money Stuff: GameStop Missed All the Fun

Programming note: Money Stuff will be off tomorrow, back on Tuesday.

Why didn’t GameStop Corp. sell any stock last month when its price rallied to insane levels due to Reddit-driven retail enthusiasm? I speculated about this question a few times. The U.S. Securities and Exchange Commission speculated about it too, and went so far as to release a sample comment letter that it would have sent to a hypothetical GameStop-like company if it had sold stock during a meme frenzy.