Rather, a bunch of Reddit users worked together to catapult the price, at the extraordinary expense of … Press question mark to learn the rest of the keyboard shortcuts. Log In Sign Up. Monday, with an even larger spotlight on the trade, GME blew its top at $159.18, eventually settling at $76.79. Remember that you “borrowed” it in the first place. Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. To make this easy, let’s say the stock costs R10. GameStop has 70,000,000 shares outstanding, but 50,000,000 shares represented “the float”. On social media platform Reddit, many users from the Reddit thread r/wallstreetbets began posting their investments in a retail gaming chain, Gamestop. betting that something traded in a market will fall in price and trying to capitalize on it. Shares of GameStop have surged from $19 on December 31, 2020, to $197.84 on January 27 – a gain of nearly 1,900 per cent after small investors on Reddit forced hedge funds to … Options are bets investors place on a stock, allowing them to buy (a "call" option) … On Thursday, it reached a high of $470 ― which is weird, because the increase has not been driven by astonishingly good performance on the company’s part. GameStop and Reddit have taken over the financial world but many are confused about the details of the story. Heck, Volkswagen got squozed with just a 12.8% short position. Trying to understand the GameStop saga can be like trying to understand upside-down calculus. Late night TV is here to explain. 12, 2021, 04:09 AM GameStop’s future looks grim and is seemingly a great bet for short sellers. People also searched for gamestop explanation, 492-935-7733 knowledgema, gamestop explained simple terms, gamestop reddit explaination simple, gamestop story in simple explanation, Simple explanation of gamestop, simple way to explain the game stop, what is a short reddit. GameStop shares are going to the moon, largely thanks to the power of Reddit and a ‘meme war’ waged with investors. Interview by Luke Savage. In GameStop’s case, short selling the stock used to be a no-brainer. Between malls dying out and the pandemic, if you … The roughly $754,000 he ultimately put into GameStop is now worth tens of millions of dollars. The future of investing now has new questions, but few answers. GameStop's crazy stock story explained It's David vs. Goliath on Wall Street, and David kicked Goliath's butt. The seeds for this next-level game of financial fencing were sown last September, when Ryan Cohen — founder of online pet food store Chewy — started rallying the troops on r/WallStreetBets after taking a 13 percent stake in GameStop, as explained by The Guardian.This happened during COVID-19, when GameStop and many other retailers were hit hard by the pandemic. Late night TV is here to explain. Gamestop stock (GME) explained using Smash Ultimate. How Reddit’s r/WallStreetBets turned hedge funds and the stock market upside down — and then the Mets and Elon Musk got involved. You guys are the reason everything isn't crumbling. The past few days in GameStop, Reddit, and the stock market, explained Pedestrians pass a GameStop store on 14th Street at Union Square, on Jan. 28, 2021, in the Manhattan borough of New York. GameStop’s stock has risen 37% and AMC has gained more than 60% this week. “It’s about taking back what’s ours, what we’ve already paid for.” ... Did my best to explain the GameStop … You then sell it immediately for the same amount, betting that you would be able to buy it back for less, later. Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. The hottest topic on Wall Street right now is GameStop short selling, and how traders from a popular subreddit sent its shares parabolic. The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market. GameStop stock’s year-to-date returns stand at 1,187.47%, … The tendies won from GameStop, however, are real, with long-term ramifications that could lead to much needed reform. By now, we’re sure you’ve heard that the GameStop stock has blown up because of Reddit. A group calling itself WallStreetBets, with some three million members who exchange tips and boast about beating "the system," is credited with pushing up GameStop … twitch.tv/DGunz. GameStop’s stock has risen 37% and AMC has gained more than 60% this week. A Redditor Explained GameStop Stocks So Anyone Can Understand by Alison Over the past week or so, there’s been a lot of talk about Reddit, Wall Street, and GameStop, and it can be pretty confusing unless you happen to have a strong understanding of the stock market because you’re one of the hedge fund guys getting royally screwed right now. A short is when you borrow stock from a broker without actually owning it or paying for it. Explained: GameStop & How Reddit Caused Wall Street Billions In Losses. Explained: How an online forum called Reddit boosted a struggling company's stock by 1700 per cent. GameStop is a publicly traded company, best known for selling video-game discs and cartridges in shopping malls. GameStop explained : How Reddit took on Wall Street . GameStop Stock, Reddit and Robinhood: What You Need to Know How traders online drove the videogame retailer’s stock to new highs and caused a crazy week in markets . Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. “For years, betting against [GameStop] has been like shooting fish in a barrel,” Mad Money host Jim Cramer said on Monday.The brick-and-mortar video game stores seemed destined for obsolescence in an era when games are more and more often being downloaded rather than purchased in the form of physical … What you may not understand, is how, what, or why. GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. What's an option? Shockingly, their investments… “Tendies,” by the way, stems from the … GameStop stock’s year-to-date returns stand at 1,187.47%, … ... Investors following the Reddit group bought a ton of GameStop … GameStop Explained: A New Form Of Impact Investing? GameStop, however, isn’t the only stock that’s been targeted by the WallStreetBets forum on Reddit. Reddit and Gamestop, explained. Meanwhile an informal investment community called Wall Street Bets, based on social media site Reddit, watched on with disdain. On Reddit, where he posts as u/DeepFuckingValue, he's spent months posting about it to the r/WallStreetBets subreddit, a forum of several million amateur investors and spectators who mostly ridiculed his bullish-on-GameStop posts until recently. GME closed at $61.50 on Friday, leaving twitter to buzz about these chuckleheads over on reddit making Gamestop come unglued from reality all weekend. In 2020 GameStop was a little-known video-game retailer. If you've google searched 'GameStop explained for dummies' in the past seven days, you're not alone. The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market. Ultimate. Although it had been building for a while, the rally really took off on Monday, … The video game retailer’s stock price has seen a nearly 2,000% increase since the start of January. When stocks in a struggling video game store go up by almost 800% in one week, Wall Street takes notice. How Reddit’s r/WallStreetBets turned hedge funds and the stock market upside down — and then the Mets and Elon Musk got involved. An anonymous post on Reddit was the catalyst that saw retail investors buy stocks of the video game retailer GameStop, pushing shares up more … Close. Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. Video game retailer GameStop has seen its stock soar, driven higher by a group of amateur day traders on Reddit, who are taking on Wall Street hedge funds. GameStop shares surged 700% at the end of January to $347 but have declined sharply since, hitting $44.97 earlier this week as the Reddit army phenomenon seemed to be winding down. GameStop is a video game retailer headquartered in Grapevine, Texas, that operates more than 5,000 stores. The frenzy has gotten the attention of regulators and lawmakers. What you may not understand, is how, what, or why. So briefly explained, short selling is an investment where you make money if the price of the stock goes down. GameStop short-seller Melvin Capital suffered a 49% loss in the 1st-quarter after being hit by the Reddit-fanned trading frenzy Shalini Nagarajan Apr. WHY IT BLEW UP. Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. Its shares were worth a few dollars. Let’s say in a week’s time, the stock is worth less than R10. Luckily for you, Brianna Parkins, an ex-financial journalist, has taken to TikTok to explain what’s happened — without the complicated jargon. You’re just borrowing it, so you didn’t pay R10. The Reddit-driven frenzy is panning out to be a showdown between two types of investors, with this stock being the battlefield. This is a poor niche for a profit-seeking entity in 2021. Gamestop Stock Update as Reddit Investors Continue War With Wall Street WallStreetBets Founder Says Investors Are 'Outplaying' Hedge Funds Video of … The GameStop/Reddit fustercluck has escalated further and now involved Robinhood somehow, so here’s an explainer on it all. GameStop, a struggling chain of video game stores with an outdated business model became the talk of the town when its stock price rose by nearly 1900%. After a banner week in which renegade Reddit-based trading shot up the value of GameStop stock to nearly $470, the company’s share price now appears to be on a downward trajectory. You didn’t spend R10 on it but sold it for R10, and ar… Let’s dig into how the posters became the wolves. GME closed at $61.50 on Friday, leaving twitter to buzz about these chuckleheads over on reddit making Gamestop come unglued from reality all weekend. By now, we’re sure you’ve heard that the GameStop stock has blown up because of Reddit. GameStop Stock Explained: Robinhood, Short Squeezes, And Reddit. GameStop, a brick-and-mortar video game retailer in the US, has gone from being at death’s door to a market cap of over US$23billion as of January 28 – all in a matter of days. It’s now worth R1 and you decide to buy it back. They also spotted flaws in some of the hedge fund's investment strategies. But a group of amateur investors, organizing via the online platform Reddit, has fought the trend. Several Reddit users called for people to pile into GameStop shares, pushing up the price to put pressure on the short-sellers - a process known as a short squeeze. I just want to say thanks to all the apes that check in on reddit to read read the DD, watch the memes and upvote good posts. Luckily for you, Brianna Parkins, an ex-financial journalist, has taken to TikTok to explain what’s happened — without the complicated jargon. Posted by. The GameStop Saga Explained: How Reddit Investors Tripped Up Wall Street. GameStop has become the battlefield of Reddit vs. Wall Street, with titanic sums being made and lost. Let’s dig into how the posters became the wolves. The stock market isn’t usually the plaything of normies. The Reddit Vs Wall Street war has been brewing for some time, it seems. The chief executives of Reddit, Robinhood, Citadel and Melvin Capital, along with the Reddit poster who spearheaded the GameStop buying frenzy, were all in … Reporters from across the CNBC newsroom explain the GameStop phenomenon, in which a Reddit-fueled rally to punish short sellers is sending … GameStop’s Reddit-fueled rally, explained Video game retailer GameStop is up more than 20x since March lows (and +79% in just the past 2 trading days). GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. Maybe you've seen headlines, cable news chyrons, or stray Wolf of Wall Street GIFS on social media referencing the rise of GameStop, specifically how traders on … User account menu. Several other companies have also experienced similar activity, including AMC … GameStop was the single most traded name in the U.S. stock market on Tuesday, topping even megacap companies like Tesla and Apple, according to Deutsche Bank. Written by: Chao Fangning Nicole (20-U5) Designed by: Poh En Xi (20-E3) GameStop: A Brief Introduction Earlier this year, an event which took over social media puzzled many of us. 9.0k. For the uninitiated, GameStop’s stock rose in value earlier this year when Reddit users united to buy stock in the company, raising its value, as I wrote for the Deseret News. GameStop is a video game retailer. GameStop and Reddit have taken over the financial world but many are confused about the details of the story. Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. A year ago, it was trading under $4. GameStop, Reddit, and Robinhood: Wall Street chaos explained Veteran tech journalist and New York Times Opinion Podcast host Kara Swisher joins … So in case you haven’t heard yet, there’s a wild mess going on involving Reddit (as it usually does), struggling US video game chain GameStop, and some pretty pissed off billionaires.. To quickly sum up what’s gone on so far in bullet point form: Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. The Redditors beat out the hedge fund companies, who were planning to sell stock at a … GameStop: All you need to know about wallstreetbets on Reddit vs traders What exactly happened to GameStop’s stock? Explained: How an online forum called Reddit boosted a struggling company's stock by 1700 per cent. GameStop Stock Surge Explained by 'Normal Person' in Viral Video Watched 5 Million Times. Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. In a word – Reddit. ... Investors following the Reddit group bought a ton of GameStop … By January 28th 2021 they peaked at over $480. With a small float like this, a short position of 20% becomes significant . Like most stores that still sell products in person, it has had a hard time lately as video game sales have moved … Press J to jump to the feed. By - Mohammed Kudrati. Reddit bills itself as the front page of the internet, a network of communities based on people’s interests. The share price of GameStop increased from $17 in the beginning of the year to $300 by January 26. GameStop has become the battlefield of Reddit vs. Wall Street, with titanic sums being made and lost. “It’s about taking back what’s ours, what we’ve already paid for.” In mid-2019, a Reddit user — known as “Roaring Kitty” on some social media accounts — posted a picture on an online forum depicting a single $53,000 investment in … GameStop Stock, Reddit and Robinhood: What You Need to Know How traders online drove the videogame retailer’s stock to new highs and caused a crazy week in markets . Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. 4 5 16 9. 9.0k. A snapshot of Reddit user DeepFuckingValue’s E-Trade account, showing the call options he made in 2019 on GameStop stock. A call option is a contract that gives the owner the right, but not the obligation, to buy a stock at a future date, at a predetermined price. Between malls dying out and the pandemic, if you forgot the company existed, that would be fair. But it’s still out there, trucking along. GameStop has become a popular play among short sellers, who are basically investors who think a stock will go down. In Wall Street terminology, these investors are bearish on a stock’s prospects. Monday, with an even larger spotlight on the trade, GME blew its top at $159.18, eventually settling at $76.79. Welcome to Reddit's finest Smash Bros community! The r/WSB GameStop Short Squeeze Explained with The Lord of the Rings. After years of poor performance, GameStop's stock has surged to record highs in the last week. Buying GameStop “isn’t about greed,” one user wrote on Reddit, after citing all the recessions “they” caused and the times "they” got bailed out with taxpayers’ dollars. AP Photo by John Minchillo
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