An obscure Reddit forum, a failing games shop, and a saga that could end up costing Wall Street billions – welcome to the bizarre trading scheme that is shaking up stock markets across the world. Gangs of armchair investors, using a page called Wallstreetbets to organise, have been roving the internet in recent days – … Read more
The Reddit subgroup fueling the unprecedented surge of GameStop shares is now planning to drive up American Airlines’ stock in a campaign that is rattling Wall Street. The airline’s stock surged by nearly ten per cent after it was mentioned on Reddit’s WallStreetBets forum. ‘AAL the next GME?’, asked one Reddit user in an online … Read more
‘Gamestonk!!’ Everything you need to know about the astonishing GameStop shares saga – and the stock market state of play in early 2021 – is wrapped up in that one nonsense tweet from the world’s probably richest man. That word tweeted by Elon Musk on Tuesday night, with a link to the Reddit thread r/wallstreetbets, … 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