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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 GameStop short squeeze, starting in January 2021, was a short squeeze occurring on shares of GameStop, [19] [20] primarily triggered by the Reddit forum WallStreetBets. [21] [22] This squeeze led to the share price reaching an all-time intraday high of US$483 on January 28, 2021 on the NYSE.
[3] [4] His analyses of GameStop stock (NYSE: GME) and details of his resulting investment gains—posted on Reddit under the username DeepFuckingValue (DFV) and on YouTube and Twitter as Roaring Kitty, were cited as a driving factor in the GameStop short squeeze of January 2021, and as a spark for the subsequent trading frenzy in retail stocks.
Short squeeze in GameStop Corp (NYSE: GME) and others like the clothing retailer Express, Inc (NYSE: EXPR) has seen a frenzy of late due to internet message boards, but is it possible that such ...
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 GameStop had an outdated business model and its stock price surge didn’t reflect that reality.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.
Video game retailer GameStop Corp. (NYSE: GME) is getting a lot of attention so far in 2021 for its dramatic short squeeze that has sent shares soaring from a 52-week low of $2.57 to as high as ...
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.
What happened this past week with GameStop, Reddit and Robinhood is a classic tale of David and Goliath, but even the pros say this time is different. The GameStop short squeeze was 'the grand ...