Enough that even Reddit was hit with issues as people surged in to check WallStreetBets. How WallStreetBets Pushed GameStop Shares to the Moon By . Definitely not that at all. GameStop GME shares have ripped over 30% higher in the past two trading sessions. GameStop's stock price cratered on Tuesday, falling 60% to $90 a share. GameStop Stock Winners on Reddit Are Adopting Gorillas. News. GameStop — a once popular, now faltering, video game store — made international headlines over the past few weeks when Reddit users drove its stock price up 1,700 per cent. Apparently we don’t need any more stimulus. Vote. Funds: 40,000,000. Independent production company Pinky Promise has announced they are developing the first limited series titled To The Moon, chronicling the r/WallStreetBets and GameStop debacle. Media Falsely Claims WallStreetBets, GameStop ‘Meme Stock’ Traders are Alt Right, Incel, GamerGate Supporters. ... GameStop Reveals Massive Institutional Ownership in Recent SEC Filing. Sin stocks. GameStop is trading at $110 as of the time of this writing, down from closing yesterday at $225. 10.2m members in the wallstreetbets community. This is what they doing with it. Ownership Search; Dividend History ... GameStop’s shares and those of other stocks popular on forums such as Reddit’s WallStreetBets have climbed in … Total Owned: 253,299,787. ... SOCIAL BUZZ: Virgin Galactic, Nvidia, Gamestop lead Wallstreetbets Stocks Highe.. MT. Overbought stocks. Biotechnology. Send takedown requests to feedback@stillnessinthestorm.com. On Aug. 31, 2020, Ryan Cohen — the billionaire founder of pet company Chewy — bought up a big position in GME (he now owns 10%+ of it) with plans to modernize the company. 'WallStreetBets was well within normal parameters' says Reddit CEO Steve Huffman. GameStop shares fell as low as $46.58 during the trading session before perking up to close at $50.31, down 16% on the day. GameStop’s share price has skyrocketed over the past week, going from well under US$100 on January 21 to an eye-watering closing price of … Miller 4 Comments I rarely comment on current events, but the GameStop Reddit group supporters versus hedge fund stock price wars story is just too juicy to not take a bite, share my thoughts, and offer a few warnings for readers to heed. As CryptoPotato reported earlier, a group of people from the subreddit r/WallStreetBets decided to act against the most-shorted stock on US markets, turning it into a meme stock for some and the best weapon to deliver a … The drop signaled that the popular WallStreetBets Reddit stock market discussion board may be losing its magic. And seemingly at the center of it all was a guy named Keith Gill, also known as “Roaring Kitty” on YouTube as well as “DeepF---ingValue” on Reddit. GameStop has fallen nearly 84% so far this week, although it is up almost 184% year-to-date. Close to resistance. A book proposal titled The Antisocial Network and a Netflix film by Mark Boal on the same subject has already been announced in the last 24 hours, but To The Moon will be the first TV series to focus on the story. Related: Elon Musk Turns GameStop Stock Into Riches. Remember, the original purpose of shares in a company was to simply track ownership over an organization that produced something of value. It’s a role cast for them with relish by their chat-room usurpers, the tens of thousands of average Joe day-traders whose fervor for a left-for-dead retailer has become a self-fulfilling prophecy in its 245% rally this year. GameStop has become a money geyser for the options-obsessed crowd that gathers in Reddit’s WallStreetBets forum. Definitely not the 105% institutional ownership, which does not include hedgies long positions or retails long positions, or insider's holdings. Let’s check. Brandon Kochkodin. Well, let’s take breakdown GME share ownership alongside the findings of u/Corrode1024: Insider Ownership: 23,704,787. Early investors in the scheme encouraged others on WallStreetBets to invest in GameStop. . GameStop shares surged 15.8% to $242.56, around its highest level since mid-March, while AMC shares shot up 19.2% to $19.56, the highest since Jan. 27. Discord said on Wednesday that the group was removed due to repeat violations of its rules against “hate speech, glorifying violence and spreading misinformation.” It maintained the move was unrelated to the ongoing GameStop debacle, in which members of the page and a related Reddit group have helped to send the company’s stock soaring more than 1,700-percent since early January. FINRA Short % of Float: 78.46% On Aug. 31, 2020, Ryan Cohen — the billionaire founder of pet company Chewy — bought up a big position in GME (he now owns 10%+ of it) with plans to modernize the company. The traders using the WallStreetBets site actually bought GameStop and the other stocks. It’s been a pretty wild ride with GameStop. WallStreetBets, the grassroots collective that grabbed headlines for its battle against GameStop short sellers, today announced the results of its first community poll determining the 20 starting cryptocurrency assets comprising the WSB Crypto 20 ETP, WallStreetBets’ debut Exchange-Traded Portfolio (ETP). (Bloomberg) -- GameStop Corp. helped lead a bevy of retail trader favorites higher on Tuesday as investors touted the stocks on social media platforms including Twitter, Stocktwits and … Previously, WallStreetBets targeted heavily shorted stocks such as GameStop and AMC Entertainment Holdings Inc (NYSE: AMC). Water. This means the plan was to borrow GameStop shares, sell them, then buy or repay the value of GameStop shares after the stock decreased in value. Estimated Synthetic Shares: 183,552,827. AMC, GameStop, Nokia NOKIA.HE and Blackberry BB.TO are currently the most discussed stocks on Wallstreetbets, eclipsing Tesla TSLA.O, which has long dominated chatter amongst its members. WallStreetBets users realized that if they could buy up all the GameStop stocks in existence and never sell, they would have Wall Street and hedge funds over a barrel. ... Any request to remove copyrighted material will be honored, provided proof of ownership is rendered. r/WallStreetBets initiated the GameStop squeeze, but has targeted a number of other stocks as well. Keith Gill, the Redditor who drove WallStreetBets to supercharge GameStop stocks, is now being sued by hedge funds.These hedge funds, such as Melvin Capital Management and Citadel LLC, claim that Gill manipulated WallStreetBets for his own financial benefit. Reddit CEO and co-founder Steve Huffman spoke to the GameStop (GME) stock scenario in a … . The company's executive shakeup began when small Reddit investors from r/WallStreetBets carried out a short squeeze on GameStop … Wall Street is keeping very close tabs on WallStreetBets. Here's how GameStop has fallen nearly 84% so far this week, although it is up almost 184% year-to-date. Last week, the short squeeze forced hedge fund Melvin Capital to secure a more than $2 billion bailout from hedge fund Citadel to make ends meet. (Bloomberg) -- The Reddit army’s meme-packed campaign to boost GameStop Corp.’s stock price has now resulted in one of the most conventional victories on Wall Street: a … A sudden wave of new users and YOLO stock buying has reshaped the sub's identity. The wild GameStop ride that began more than a week ago has taken a devastating turn. Percentage of ownership to outstanding: 363.17%. In late January, Jung said the Alliance would initiate a GameStop-style buying spree of two of South Korea’s most-shorted companies, but he has since adopted a more sober stance. On Aug. 31, 2020, Ryan Cohen — the billionaire founder of pet company Chewy — bought up a big position in GME (he now owns 10%+ of it) with plans to modernize the company. Background: GameStop, Wallstreetbets and Robinhood At the center of the GameStop saga is the website Reddit.com. GameStop, r/WallStreetBets and the stock trading frenzy, explained. r/WallstreetBets also appears to be moving into trashville, or the illiquid pink sheets, where made up prices are often the norm even in quiet times.. GameStop’s stock price has been on a downward trajectory this week. The 10,000 Foot View of WallStreetBets, Gamestop, Robinhood and Crypto. We’ve examined the details of what happened elsewhere, so I’m going to focus on some of the bigger questions that this whole affair raises, and specifically how this all impacts long-term investors. (Bloomberg) -- GameStop Corp. led a bevy of retail trader favorites higher on Tuesday as investors touted the stocks on social media platforms including Twitter, Stocktwits and trader chatroom WallStreetBets. The actions of a Reddit subgroup known as r/wallstreetbets have recently drawn in attention from Congress as Reddit members caused an entire hedge fund to go into bankruptcy over GameStop stocks. After a social media outcry, Discord has confirmed that WallStreetBets has returned to the platform with help. French state ownership. The astronomical increase was largely driven by ‘Redditors’ of r/WallStreetBets, a subreddit dedicated to investing-related memes and humour. February 6th 2021 765 reads @andrarchyandrarchy. Along the way, GameStop promoters encouraged investors not to sell, to “HOLD”, and that “they liked the stock.” Despite reports predicting that the value of the GME stock was about to decline, users … Investors shorting meme stocks GameStop and AMC Entertainment are estimated to have lost $754 million on Tuesday alone as the shares rallied, data from financial analytics firm Ortex shows. The funds would owe billions of dollars of stock to brokers, but there wouldn't be any supply on the markets. The brick-and-mortar seller of … But while there has been a lot happening, does it actually mean much? At the foot of the Mont Blanc. GameStop has been ailing for years now, so to see the company's stock prices shoot up so suddenly and sharply has stunned many who would have sooner expected it … Close. The subreddit has been attributed as the main cause behind GameStop and AMC stocks skyrocketing, creating a class war at the stock market. GameStop stocks started the year at roughly $20 a share and have skyrocketed to nearly $500 at their peak in the last week. The global investment community has been dumbfounded by chaotic online message board r/WallStreetBets, whose users have memed US company GameStop’s share price into the stratosphere. Video Player is loading. This is a modal window. Beginning of dialog window. Escape will cancel and close the window. End of dialog window. This is a modal window. GameStop soared as much as 21% to $217.11 in mid-afternoon trading in New York, the highest in about two months. Close to support. The global investment community has been dumbfounded by chaotic online message board r/WallStreetBets, whose users have memed US company GameStop’s share price into … January 25, 2021, 9:57 AM EST One trader turned $53,566 into more than $11 million The GameStop stock situation has dominated headlines for the past week, both in the gaming sphere and beyond. Retail: 38,595,000. WallStreetBets and the GameStop Short Squeeze GameStop soared -- and then sank in a short squeeze. Many retail investors lost out as GameStop shares slumped again after the rush was over. Members on the subreddit r/WallStreetBets believed that GameStop [ticker GME], with 5k+ brick ‘n’ mortar locations, could turn around its fortunes by going digital. GameStop stock prices have exploded thanks to popular social media platform Reddit's hottest stock market-related community, r/WallStreetBets, where users have enacted a get-rich-quick scheme - and it seems to be working. Posted by just now. By Joel Khalili 01 February 2021. ... And GameStop … Fidelity's GameStop stake dropped to 87 shares on Jan. 29 from 9.3 million shares, or 13% of the company, on Dec. 31, according to securities filings. Shares of GameStop and other companies popular on forums such as Reddit’s WallStreetBets had already been climbing before Tuesday’s late-day surge. WallStreetBets Reddit in Turmoil Amid GameStop Stock Crash. See which meme stocks might be the next target. Last week, the short squeeze forced hedge fund Melvin Capital to … And to defy the entire financial system by joining forces to sabotage Wall Street, it seems. WallStreetBets (r/wallstreetbets) is home to some of the wildest traders. The post is called GameStop … Until the start of the pandemic, it had never occurred to Alex Patton that he could become an amateur trader. Media Falsely Claims WallStreetBets, GameStop ‘Meme Stock’ Traders are Alt Right, Incel, GamerGate Supporters. Despite reports predicting that the value of the GME stock was about to decline, users … Reddit community r/ASX_Bets, where users try to recoup “lost super one Bunnings sausage at a time,” presents itself as a place where sensible investment strategies go to die. WallStreetBets founder on GameStop stock surge: The little guys ‘can’t be ignored anymore’ Pent-up emotions are just beginning to surface and its … With the 50,000 shares in hand, Gill now owns 200,000 shares in GameStop stock. GME. While u/Double_Gunz' video is an amusing summation of the GameStop stock situation, the epic financial saga is still ongoing. Like 4chan found a Bloomberg Terminal. Which probably puts ownership at at least 200% of actual issued shares. Recent from … GameStop Saga Beneficiary: AMC was among the top other stocks targeted in the GameStop Corp (NYSE: GME) short squeeze drama that began unfolding in January. GameStop has fallen nearly 84% so far this week, although it is up almost 184% year-to-date.
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