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Business Matters: GameStop US Congressional hearing takes place

GameStop US Congressional hearing takes place

19/02/2021 GMT

BBC World Service - Business Matters, GameStop US Congressional hearing takes place

The price of the video store's shares rose from $20 to $350 in a matter of weeks

Key players in the GameStop affair have appeared in front of a US Congressional Committee. The price of the video game store's shares rose from less than $20 at the beginning of January to more than $350 in a matter of weeks. Politico's Nancy Scola tells us what we've learnt. Plus, Facebook pages of all local and global news sites are now unavailable and people outside the country are also unable to read or access any Australian news publications on the platform. Facebook is responding to a proposed law which would make tech giants pay for news content on their platforms; we hear from Bruce Ellen, President of Country Press Australia, which represents news outlets across the country. And, there's a big piracy problem along a huge stretch of coast from Senegal right down to Angola. And these days the pirates aren't after cargo, they're after the sailors. As Marie Keyworth reports, the shipping industry wants immediate action to protect its staff. Plus, things are changing in the world of fairy tails; we hear from Trish Cooke who's starting a new publishing venture, involving a modern retelling of the Rapunzel, Pinocchio and Jack and the Beanstalk stories. 

All this and more discussed with our two guests throughout the show. Nicole Chilers, Executive Producer of American Public Media's Marketplace Morning Report, in Los Angeles. And Rachel Cartland, a writer based in Hong Kong. 

(Picture: Keith Gill, an investor known as 'Roaring Kitty', gives evidence at the US Congressional Hearing into GameStop. Credit: CSPAN.)

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