Well isn't this amusing.It's pity it didn't happen toZenimax or some others. Especially those that got bail outs in that industry at the expense of the peoples bank savings. https://www.bbc.co.uk/news/business-55817918

The dirty smear merchants are misrepresenting this as described by Louis Rossmann in this video.
ht/tps://www.youtube.com/watch?v=D-U2rOHIv94


Could Gamestop use this to turn around their business into a different one like retro arcades, VR zones or something else?

To the last question, no. This isn't much of a reversal of fortunes for the actual bottom line of GameStop, and would also require competent management instead of the transitory flailing.

But hey, what happened is Karl Marx approved.

Stocks is fake. Most upper economics is fake. Whenever you have a chance, screw the system over.

In short, no.

The only benefit that Gamestop gets from this is free publicity. The share price has no reflection of the fundamentals of the business and an increase in share price doesn't magically make a company richer. They could do an equity issue, but you can't turn that around quickly, and the stock price isn't likely to be maintained at these levels (people are going to sell out at those prices and bank a huge profit).

I have to admit, I find what has happened pretty funny. However, leaving aside what you think about how short-sellers operate, they are correct when it comes to the fundamentals of Gamestop - it doesn't warrant a high share price and the price should crash back down. The only thing I find troubling about this is that the action of the redditors looks like it could come quite close to market manipulation (it has the feeling of a pump and dump) - I'm not a regulatory expert, but I'd expect this to be looked at.

Also, remember some people are going to become obscenely rich as a result of this (a $20-30 stock was trading up to £350 yesterday).

If I understand this correctly, people are playing the stock market using the same tactics as the big boys' and now the big boys are crying foul?

Guys have seen this article?

https://www.heise.de/news/Reddit-vs-Hedgefonds-Gamestop-Aktie-auf-Hoehenflug-5037471.html

German tech magazine Heise yesterday released info that because of the Gamestop short squeeze Melvin Capital had to drop plans to drive CDPR / GOG into the ground. Apparently they used the momentum around the CP2077 release to short GOG/CDPR as well.

So it is not just GME, they were after GOG, too!

it's good the big boy's finally getting punished for their manipulation.

if they invest they also at risk not only the little guys.

[popcorn]

:D*\