A hedge fund manager who suffered massive losses as part of the GameStop feeding frenzy is in the midst of expanding his $44 million Miami Beach home, it has emerged. Gabe Plotkin, who founded Melvin Capital Management in 2014, has seen his company lose 53 per cent of its value in January – in large … Read more
Ten-year-old investor makes more than $3,000 on 10 GameStop shares his mother bought him for $60 as a Kwanzaa gift in 2019 Jaydyn Carr’s mother, Nina, purchased 10 shares of GameStop stock in 2019 She gave them to her son as a Kwanzaa present to teach him about investing That lesson in investing definitely paid … Read more
The staggering rally of shares in beleaguered video game retailer GameStop is minting new millionaires, and costing hedge funds billions of dollars – at least on paper. GameStop shares rose another 70 percent on Friday in a staggering rally driven by small investors on the online forum Reddit that has seen the stock surge 1,800 … Read more
Watchdog warns on market abuse and high-risk trading as GameStop fever hits Britain: FCA sounds the alarm on the Reddit vs hedge funds fight GameStop saga continued yesterday, as trading app RobinHood stopped buys Traders piling into shorted stocks have also picked up on beaten-up UK shares FCA said personal investors should take care in … Read more
GameStop will close all retail locations during the coronavirus pandemic after widespread criticism of their earlier decision to try and keep stores open, arguing they provided ‘essential’ goods to telecommuters The video game retailer will close all of its retail locations across the US The decision reverse’s the company’s previous attempt to remain open by … Read more
GameStop says it provides ‘essential goods’ like grocery stores and pharmacies to justify why their stores will remain open during the coronavirus pandemic The video game retailer sent a memo to managers at its 5,700 retail locations It instructs managers to resist local attempts to close its stores by claiming the company sells ‘essential’ electronics … Read more
PlayStation 5 leak reveals the hotly-anticipated new console will work with old PS4 games and support 8k gaming The retailer leaked that the console will be backwards compatible with the PS4 Specs were listed in a since-edited page on GameStop’s website Major factors like cost and when the console will be released are still unknown … Read more