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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.
GameStop's first quarter came in worse than Wall Street had hoped, with revenue of $1.24 billion coming in short of analysts expectations for $1.34 billion. Shares of GameStop fell nearly 20% at ...
It explores the causes that led to the 2021 GameStop short squeeze, and the dark underbelly of Wall Street that the phenomenon unearthed: payment for order flow, creative accounting, abuses of the short selling mechanism like naked short selling, corporate overvoting and failures to deliver (FTDs).
GameStop stock influencer Keith Gill, known as "Roaring Kitty," kicked off his first livestream in three years on Friday as the videogame retailer's shares dropped around 30% in volatile trading ...
Craig Gillespie directed “Dumb Money,” which chronicles the stranger-than-fiction frenzy between amateur investors and hedge fund billionaires that turned into the infamous GameStop stock saga ...
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 chronicles the GameStop short squeeze of 2021 which saw GameStop's stock rise over 2,500% amidst rampant volatility. This story is told mostly from the viewpoint of several value investors who participated in sharing their due diligence on social media, most notably Roaring Kitty's YouTube streams.
What happened in January 2021 with the pandemic-threatened mall chain GameStop, the subject of Craig Gillespie’s enjoyable finance comedy “Dumb Money,” is a case in point: ... The Today Show.