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GameStop shares lost 60 percent of their value on February 2, closing below $100 for the first time in a week. [ 65 ] [ 66 ] Reports estimated that about $27 billion in value had been erased. [ 66 ] [ 67 ] Other assets affected by the short squeeze and put under company trading restrictions, such as AMC and Blackberry shares, also declined in ...
“Dumb Money” whisks us back to a time in American history, the year 2020, when Keith Gill, a Reddit and YouTube demi-celebrity, cranked up the poor little GameStop stock to improbable heights.
In January 2021, Cohen's hedge fund Point72 joined Ken Griffin's Citadel in putting $2.75 billion into Melvin Capital, the hedge fund of former Cohen protege Gabe Plotkin, as a result of the GameStop short squeeze. [27] [28] Cohen denied that his involvement with the short squeeze would affect his willingness to spend money on the New York Mets ...
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.
Review: 'Dumb Money,' the inevitable GameStop surge movie, injects laughs into a class war. Robert Abele. September 15, 2023 at 4:28 PM. The stock market can often seem less like a financial index ...
Americans who lose money to scams are finding interesting ways to get their hard-earned dollars back. In August 2023, GOBankingRates polled 1,141 Americans about whether they were reimbursed after...
Dumb Money has grossed $13.9 million in the United States and Canada and $6.8 million in other territories, for a total of $20.7 million worldwide. [4] In the United States and Canada, Dumb Money was released alongside A Haunting in Venice and made $229,947 from eight theaters in its opening weekend. [28]
Gizmodo published a report in December 2024 that 197 complaints were made to the Federal Trade Commission in 2024 about scammers posing as Depp. One person from Alabama reportedly lost $350,000 ...