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GameStop short squeeze. In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares ...
The GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [18] [19] primarily triggered by the Reddit forum WallStreetBets. [ 20 ] [ 21 ] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE .
Dumb Money. Dumb Money is a 2023 American biographical comedy-drama film, directed by Craig Gillespie and written by Lauren Schuker Blum and Rebecca Angelo. It is based on the 2021 book The Antisocial Network by Ben Mezrich and chronicles the GameStop short squeeze of January 2021.
June 3, 2024 at 4:07 PM. GameStop ( GME) stock surged 21% on Monday after user "DeepF***ingValue, an account believed to be tied to individual investor Keith Gill — who ignited the meme stock ...
GameStop stock rocketed higher after a YouTube account believed to be tied to investor Keith Gill, also known as "Roaring Kitty" on social media, posted a livestream scheduled for Friday at noon ET.
Here’s a guide to understanding what's going on with GameStop, and what the frenzy means for the stock market. Here’s a guide to understanding what's going on with GameStop, and what the ...
(Reuters) -GameStop shares jumped 21% on Monday after the stocks influencer known as "Roaring Kitty" returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
I'm obviously biased, but I think the text I suggested is more accessible to non-expert readers: In January 2021, a short squeeze took place as investors, primarily Reddit users, drove up the price of GameStop stock and other securities traded on various stock exchanges. I think we should reconsider the current phrasing.
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related to: reddit gamestop stock explained for dummies