In the past few days, the financial world has been buzzing about GameStop, Reddit, and a short squeeze. Finance Professor, Carlos Slawson, offers some insight into the recent frenzy in the stock market. Professor Slawson wants the reader to be aware that he is not a financial advisor and...
The short squeeze for GameStop happened in the same way anyshort squeeze does. Most, if not all, stocks on the stock market have investors who hold a short position against the stock. This means they are making a calculated bet that the stock price will decline over time. Shorting a stoc...
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Here's how it happened. FILE - An exterior view of a GameStop store on July 21, 2020 in Pembroke Pines, Florida. (Johnny Louis/Getty Images) Some renewed interest in GameStop GameStop's stock had been struggling for six straight years before a slight surge in 2020 and its...
Robinhood did not respond to CNBC's request for comment. This illustration photo shows a person checking the GameStop stock on a smartphone on February 17, 2021 in Los Angeles as the Reddit, Citadel, Robinhood and Melvin Capital logos are seen on the background ahead of the virtual hearin...
Some Reddit users got involved to punish hedge funds that were seeking to profit from a company’s troubles – but others simply wanted to make money themselves. What happened next? Gamestop’s soared by 408%, from $96.80 (£70.83) to $492.02 (£358.44), between Tuesday and Thursday ...
Jeff Bakalar talks to CBS News Business Analyst Jill Schlesinger about GameStop's wild stock ride and how a subreddit helped kick off its meteoric rise in the face of the financial institutions that had been shorting it.
Meme stocks are shares of companies around which online communities have formed to promote and build narratives. Meme stocks, in their present form, arose in the year 2020 out of the subreddit r/wallstreetbets. GameStop (GME) is widely regarded as the first meme stock, whose price rose as...
This is a cascading effect, which leads to price runs. In this case, it’s running the price up, but we are just as likely to see the same effect running the price down as well. (This is what happened on a larger scale on October 19, 1987, triggering the Black Monday stock ma...
GameStop Corp. shares have risen by more than 1,900% since the start of this year, hurtingmarket short-sellers. Shares soared from $17.08 a few weeks ago to $320 as of Friday morning. Here's how it happened. Some renewed interest in GameStop ...