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A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze 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.
The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees (or simply The Antisocial Network) is a 2021 non-fiction book by Ben Mezrich about the GameStop short squeeze. The 2023 film Dumb Money is based on the book.
NEW YORK (Reuters) -Investors in GameStop have for now withdrawn their lawsuit accusing Keith Gill, who is known as "Roaring Kitty" and helped spur the meme stock mania of 2021, of defrauding them ...
The GameStop short squeeze was an example of such detachment. GameStop had an outdated business model and its stock price surge didn’t reflect that reality. It reflected the fickle hive mind of WSB.
Following his post, GameStop's shares spiked and traded as high as $30.87. Known as "Roaring Kitty" on YouTube and "DeepF***ingVal (Reuters) -GameStop's shares jumped on Thursday after a cryptic ...
A GameStop store in a mall. In September 2019, Gill, under the username "u/DeepFuckingValue", posted on the subreddit r/wallstreetbets a screenshot of a trade consisting of a roughly $53,000 long position in GameStop; [8] Gill's Reddit posts and YouTube videos argued (through both fundamental and technical analysis) that the stock was undervalued. [3]
The documentary holds a 79% approval rating on Rotten Tomatoes, based on 14 reviews. [14]Noel Murray at the Los Angeles Times felt that the film was strong from a stylistic and journalistic standpoint and that it did a great job of humanizing the players and supported a business instead of rooting for its failure.
The creative team behind Sony’s David-and-Goliath comedy “Dumb Money” drew parallels between the battle between Reddit investors and Wall Street tycoons over the GameStop stock and the ...