far more than Gamestop's float. This shouldn't have been allowed to happen and probably means they were selling shares they never even bothered to borrow - naked shorts. (Where were you on that one, SEC?) Essentially, they were simultaneously betting on Gamestop going bankrupt and doing th...
The trade is working because the thesis is playing out. GME stock likely isn’t going up any further, at least not in the near term. However, people betting on an imminent crash also badly missed the mark. Gamestop isn’t going to collapse back to $25 or whatever overnight. Rather, ...
GameStop Chief Executive Officer George Sherman said the priority was the well-being of employees, customers and business partners. We have been steadfast in our adherence to CDC-guided safety and local government orders for retailers in each of our communities. As millions of Americans look to G...
In a wise and witty piece last week, Bloomberg opinion columnist Matt Levine laid out the different ways the whole GameStop trading story could end, wryly summarizing one possible scenario this way: “the stock keeps going up to $1,000, every hedge fund is bankrupted, t...
Finally Bank of America saidlast weekthat an end to stimulus payments might weigh on so-called “meme stocks” like AMC stock and GameStop. Posters have bragged for months about “YOLOing” their “stimmy” into meme stocks like AMC. It seems unlikely at this point there will be another ...
The bear trap was set on the Gamestop chart as the short interest became higher than the outstanding shares as too many traders were betting on zero. As the majority of traders believed the company would go bankrupt the bearish sentiment became extreme. Many of the short sellers bought out-...
In 2021, DWAC announced its intent to merge with Trump's media group, sending shares of Digital World upward by more than 800%, sparkingcomparisonswith meme stock businesses like GameStop. At that time, SPACs were also drawing outsized attention from small investors after some gainedendorsements...
GameStop is struggling with the transition to new consoles, new digital distribution and new sales competition from Amazon and others. They may have some solid years as sales of next generation consoles ramp but I expect digital to be the greatest long term existential threat. Nintendo is at ri...
So many knives use Crucible steels, how can they be bankrupt? From what I understand knife steel is only a relatively small percentage of Crucible’s steel production. Even if it were a sizable percentage that wouldn’t necessarily guarantee the company is making money. ...
AlphaDream, the team behind the entire franchise up to this point, went bankrupt following the launch of Mario & Luigi: Bowser's Inside Story + Bowser Jr.'s Journey on the 3DS.With retail copies now out in the wild, we should also note that spoilers for the game may start cropping...