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Gamestop War: Trolls vs Wall Street
By Eight percent per annum  •  January 30, 2021
Gamestop is a game retailer in secular decline which was made worse by the pandemic. Well, that is because we buy consoles from Amazon and games itself are now downloaded online so there is no reason to visit Gamestop ever again. But in recent days, Gamestop found itself becoming the epicentre of an epic war. Its stock price rose 1700% as the internet generation wanted to make statement to Wall Street. Gamestop's meteoric rise from $20 to over $300 in days The statements were made on Reddit. War rallies on social media to save Gamestop from evil Wall Street hedge funds shorting the stock to bankruptcy. And Rohan will answer. Yes, they were answered. Millions of gamers and internet trolls bought Gamestop and drove the share price up so that short sellers will get hurt. They won the first battle, some hedge funds sold and a few even went bankrupt. Gamestop on a rollercoaster...
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By Eight percent per annum
8% Value Investhink is a value investing / critical thinking knowledge platform with the goal to share knowledge, help understand investing and finance, and help develop critical thinking skills. One important objective would be to help others understand the concept of value and avoid overpaying, especially for property.
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