i want to bring in process of reporter katie greifeld. tie walk us through the highs and lows of the day? katie: well, it was an interesting day because it felt like the gamestop story was a sideshow whereas for weeks, this is all anyone was talking about. but gamestop even in the early hours of trading was up as much as 100%. those gains and closed at 19% higher. what is interesting is that you saw stocks like amc, blackberry, other reddit favorites actually raised their gains in some cases. -- erased their gains. and it is interesting to compare this moment to what it felt like at the end of january be because -- again, we are seeing enthusiasm in gamestop, but if you look at the options market for example, we are not seeing the activity we saw in january. the question is, how long will this last? no one expected it to come back and are surprised it is there, but maybe this time it won't be as long-lasting as it was in january. emily: i want to talk about gamestop specifically. we heard news about jim bell, the cfo, resigning this week.

i want to bring in our process it reporter, katie greifeld. ip mentality was definitely front and center. this was the first time the nasdaq 100 has erased a debt of over 3.5% to end about flat. we have not seen that since february of last year when the pandemic headlines first really started to hit markets. there are several potential factors here. some technicals going on, he had jerome powell in front of congress. but what it boils down to is the buy the dip mentality has been rewarded over the past year or so get everyone from day traders to cathie wood, coming in and buying more tesla stock. that is helping shares bump a little higher after hours. they are up over 2% at this point, which is great news for tesla, because it has been a rough couple days, down over 10% this week alone. emily: meantime, robinhood ceo vlad tenev speaking, criticizing shortselling. it's an argument we have heard before. is it gaining any traction? katie: yes. that has been an interesting byproduct of this entire gamestop phenomenon. to recap quickly, shortsellin

romaine: katie greifeld, are cross assets reporter. -- our cross assets reporter. coming up, we are going to go from the reddit retail media to the fundamentals. there was a huge rally in the cannabis sector. some of it may be based on fundamentals. this is bloomberg. ♪ romaine: welcome back. today, we are focused on the retail impact of the markets. one thing i thought was interesting is a bid all this retail frenzy and speculation, buried somewhere is a fundamental argument. we saw that with gamestop. we are seeing that to another extent with the rally we have been seeing in cannabis stocks. joe: there has got to be some story that gets people excited so the masses can coalesce around it. the moves are really incredible. we mentioned at tilray having plunged 50%. it is up 20% in five days even with that 50% plunge. you get the sense of what a mania we have seen in the space. caroline: also, there was a chart yesterday about how in lockstep from a correlation perspective pot stocks have been moving with crypto. there are some ways in which these highflying and fal

ily: we will continue to follow this, bloomberg's katie greifeld with the latest on caffe would -- kathy-- cathie wood. coming up, an investor who calls wall street gambling addiction, my conversation with esther dyson, next. ♪ ♪ emily: gamestop is on a comeback trail, surging after news of the ceo's ouster in a disagreement over strategy, just five days after executives at robinhood, and citadel testified before a house panel about the retail trading frenzy that sent stocks including gamestop on a wild ride. our next guest is esther dyson of the edventure nonprofit, working to end disparities in the united states. you made comments about gamestop and asking themselves whether they are democratizing a new form of addiction. what kind of responsibility do you believe robinhood bears here? esther: the same responsibility a company that sells alcohol bears. it is not illegal, but there are a lot of people who -- some people use alcohol to have a fun evening and other people use it as a way to sell life insurance and some people use it to get relief from something that can't the relieved by

bloomberg's katie greifeld with the latest on kathy would. thank you for joining us. coming up, an investor who calls the stock market a "gambling machine," and robinhood a new form of addiction. esther dyson, next. this is bloomberg. ♪ emily: gamestop is on a comeback trail, surging after news of the cfo jim bell's ouster in a disagreement over strategy, just five days after executives at robinhood, and citadel testified , and reddit testified before a house panel about the retail trading frenzy that sent stocks including gamestop on a wild ride. our next guest is esther dyson of the edventure nonprofit, working to end disparities in the united states. i want to start with gamestop. you made pretty provocative comments about robinhood recently, asking whether they should be asking themselves about whether they are democratizing a new form of addiction. what do you think -- what kind of responsibility, i should say, do you believe robinhood bears here? esther: the same responsibility a company that sells alcohol bears. it is not illegal, but there are a lot of people