investment community within the social media siteRedditcalled /r/WallStreetBets, in which he posted under the username "DeepF***ingValue." In December, stock prices for the video game retailer GameStop (GME) fell when the company failed to meet Wall Street estimates for its quarterly revenue...
“Nothing that GameStop has done warrants this,” says Michael Futter, a game industry analyst and founder of the consulting firm F-Squared. A BASIS FOR GROWTH GameStop’s initial surge wasn’t entirely unmoored from reality. Until earlier this month, the stock had been enjoying modest growth...
Keith Gill, better known as "Roaring Kitty," posted a screenshot in the r/SuperStonk forum on Reddit that users on the platform are interpreting as an image of company stock and call options that Gill holds in GameStop. The image suggested Gill may own 5 million shares of GameStop that ...
“Individual investors are being stripped of their ability to trade on @RobinhoodApp,” the moderators of the Reddit forumwrote on Twitter. “Meanwhile hedge funds and institutional investors can continue to trade as normal. What do you call a market that removes retail investors [sic] ability t...
Initial Surge[edit] The short squeeze began on January 13, 2021, when GameStop's stock price surged by nearly 50%. This initial push was followed by a period of intense buying pressure, primarily from retail investors coordinating through the r/WallStreetBets subreddit. The stock's price con...
Keith Gill, better known as "Roaring Kitty," posted a screenshot in the r/SuperStonk forum on Reddit that users on the platform are interpreting as an image of company stock and call options that Gill holds in GameStop. The image suggested Gill may own 5 million shares of GameStop that...