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Gamestop

GameStop Stock Fraud

The GameStop and Reddit saga is now the subject of a federal investigation

February 12th, 2021

The Justice Department is looking into potential market manipulation regarding the rapid rise of GameStop’s stock price last month. Over the course of a few weeks, Redditors on the WallStreetBets subreddit mobilized and drove the price of GameStop shares up more than 5,000%. Redditors took advantage of the fact that hedge funds had unusually large …

Reddit Wallstreetbets

This would be the perfect ending to that Reddit-GameStop story

February 11th, 2021

The Reddit r/WallStreetBets community captivated the investment community for days last month, when it helped send the share price of GameStop soaring some 5,000%. That’s led to book and movie deals about the story of these amateur investors who burned Wall Street professionals. Now, one hedge fund has posted a job listing that seems tailor-made …

GameStop Stock Wall Street

The Reddit-GameStop saga didn’t hurt Wall Street as much as you think

February 9th, 2021

The Reddit-fueled rise of GameStop shares in January made many individual investors incredibly rich. Wall Street investors also took advantage of GameStop’s meteoric rise and its subsequent sharp decline. Many Wall Street firms actively monitor social media chatter on Reddit to stay abreast of what retail investors are up to. Over the course of a …

GameStop Reddit

The GameStop saga exposed Wall Street’s dirty little secret

February 4th, 2021

In just a few days, Redditors managed to drive up GameStop’s share price by more than 5,000%. The entire saga, which will eventually become a Netflix film, exposed a dirty secret long known to Wall Street insiders: short-sellers have been manipulating the market for their own benefit for decades. In a series of events that …

GameStop Stock

Is the GameStop dream dead? Shares plummet nearly 75% in two days

February 2nd, 2021

GameStop shares are down more than 70% over the last two days. As hedge funds and short-sellers attempt to close their positions, GameStop shares have continued to fall. Netflix is already planning a movie about how Redditors managed to almost bankrupt a multi-billion dollar hedge fund. The GameStop saga, which has seen an army of …

GameStop Stock GME

A 10-year-old made a 5,000% profit when he sold his GameStop stock

February 2nd, 2021

A 10-year-old made more than a 5,000% profit when he sold 10 GameStop shares he was gifted in late 2019. The battle between Redditors and hedge funds with short positions on GameStop shares remains ongoing. Amidst all of the drama involving a subreddit’s effort to bankrupt hedge funds by driving up the price of GameStop …