FILE - … More worrisome is the long-term shift by customers away from brick-and-mortar stores and toward buying games online. Several unrelated posts on Reddit around the end of January 2021 brought up GameStop (GME) as a potentially viable investment opportunity. Recommended Stories. By 9News Staff. GameStop is a video game retailer. Later, if the stock price does as they expect, they can buy the stock at a lower price and keep the difference. By VOA News. Controversy Over GameStop’s Stock Market Saga Explained. Explained: How an online forum called Reddit boosted a struggling company's stock by 1700 per cent . GameStop, a company largely made of brick-and-mortar stores, has been in dire straits thanks to the pandemic and general trouble in the retail world. But small-time investors weren’t having it. The idea that Gamestop stock wasn’t trading where it should be isn’t a new one. This article walks one through the various themes around the GameStop incident. It then ventures into the predictability of the event, and the SEC's failure as a regulatory body. The company is active in the US, Canada, Australia, New Zealand and Europe. In a short sale, they borrow a share of GameStop and then sell it. Subscribe for more quality content: https://bit.ly/3fjjQ5C About myself: The GameStop stock market revolution has inspired a slew of viral tweets, including one from L.A. comedian Avalon Penrose that’s racked up 13 million views. When Ghana received 50,000 COVID … It’s been floating around on Reddit for a couple of years, on and off. It first breaks-down the forces that led to the whole commotion and explains the terms 'shorting' and 'short-squeeze'. ⏳ To save yourself some time, watch the video at 1.25x speed! Robinhood played an essential role in the GameStop incident, as the app seems to be the most popular way for GameStop’s supporters to access … January 28, … Jim Toes, president and CEO of STA, spoke with ThinkAdvisor to address new discussions surrounding the trading settlement cycle and data collection.. It was widely deemed a company in declining health—indeed, its mere existence as a physical shop was viewed on Wall Street as being decidedly outdated, and its business model was hurtling towards failure. CNN. 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. Jennifer Jiang, Chief Strategy Officer of LatticeX Foundation, was invited to give a detailed interpretation of the GameStop incident and explained how to maintain the stability of the next-generation financial market. Cash-strapped Africa overwhelmed by COVID vaccine challenge. A … But in the past few days, individual investors have driven the share price above $300. GameStop, Reddit, and Robinhood: Wall street chaos explained. By 1:31 p.m., the incident was marked as resolved. The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. Despite reports predicting that the value of the GME stock was about to decline, users … Vladimir Tenev, chief executive and co-founder of the online stock brokerage Robinhood, opened up Monday in a conversation with Tesla’s Elon Musk about Robinhood’s decision to restrict trading last week on several spiking stocks including GameStop that drew outrage from users of the trading app. This photo illustration shows the logo of WallStreetBets on a computer and the Reddit logo on a mobile phone in Arlington, Virginia on January 29. GameStop’s shares started to rise late last year, after the founder of the pet-supply site Chewy bought a stake in the company and got a spot on its board. ThinkAdvisor: Reddit GameStop Incident Could Spur Move to T+1 February 8th, 2021. “It’s drawn this argument about settlement into a public sphere. January 30, 2021 05:57 PM Share on Facebook. The continuously evolving … Share this article 436 shares share tweet text email link Charles Curtis. The steps that occurred can be explained, but what made that first-day trader tell a subreddit full of people that they thought Gamestop stock was undervalued? Reuters. GameStop is an American brick-and-mortar retailer that specialises in video games, consumer electronics and gaming merchandise. Share via Email. Share on Twitter. In the GameStop situation, rather than a panic selling of GameStop stock induced by the short-selling tactics of a number of hedge funds, the hedge-funds themselves were outgunned by the frenzied buying of Reddit's WallStreetBets community of small investors. The GameStop debacle has put the stock market on everyone’s radar this week – even those who rarely pay it any attention. GameStop is an American high street shop that sells games, consoles and other electronics. Like most stores that still sell products in person, it has had a hard time lately as video game sales … GameStop is a US brick-and-mortar video game retailer selling primarily gaming consoles, games, peripherals and ancillary services. GameStop is a video game retailer that has been priced at about $3 to $10 a share for much of the year. GameStop is one of the most heavily shorted stocks on Wall Street. Jordan Belfort "The Real Wolf Of Wall Street" Will Explain GameStop Incident In #WSB Documentary. In this video, I explain the GameStop incident caused by users on the subreddit, Wallstreetbets, which lead to a massive short squeeze on hedge funds. What is GameStop? #gamestopandreddit #gamestopincident #gamestop You know the formula for making money on the stock market: Buy low, sell high. 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. Yet two things happened around that time to lay the foundation for the events of this month. This bearish view was only further reinforced by GameStop… Late Sunday evening, Musk and Tenev convened on the invite-only voice chat app … The GameStop (NYSE: GME) legend has now become one of the most groundbreaking events in the history of the U.S. and global capital markets. GameStop fell 15% in April of that year, 12% in May, 28% in June and 27% in July. Print this page . Many are depicting the incident … Veteran tech journalist and New York Times Opinion Podcast host Kara Swisher joins to explain what's going on with the fight over stock in the video game retailer, GameStop. The GameStop Incident. GameStop, based in Grapevine, Texas, sells video games at more than 5,000 stores, and the pandemic has been keeping customers away. GameStop, r/WallStreetBets and the stock trading frenzy, explained By Joel Khalili 01 February 2021 Amateur investors have driven up the price of a number of neglected stocks - … The stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally. Ultimately, it takes the Indian perspective into account… A behavioral economist thinks the wild trading in GameStop is the beginning of a major shift in investing power. There are two things that add glamour to finance and the stock market, money is definitely one of them but Hollywood has not contributed any less in making the financial profession sexy. Added Schulp: “I think the [GameStop] incident itself could be a catalyst” for a move to T+1. As it turns out, the reasoning is pretty simple. The Robinhood stock app restriction on GameStop and others, explained. The sort of thing you'd find between a doughnut shop and … GameStop stock is on the rise, and a Reddit group called WallStreetBets is at the heart of an unusual meteoritic rise in price. January 28, 2021, 8:59 PM. Motivations Behind This Incident There are various reasons why the Reddit users decided to do this. Shares share tweet text email link Charles Curtis GameStop ’ s been floating around on for. Wall Street has investors, and Robinhood: Wall Street chaos explained for the events of this month text link. 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