Explicit
Gamestop: Showdown between the Rich and the People
Feb 3, 2021 ·
1h 15m 35s
Ever wanted to stick it to the rich? You know, those people who makes your life hard just because they have the money. Or have you ever wanted just to...
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Ever wanted to stick it to the rich? You know, those people who makes your life hard just because they have the money.
Or have you ever wanted just to simply get rich? You knw, play on Yachts with models all day driving Lambos.
Well tonight we are going to share a story about both, in this epic tale of : Gamestop
show less
Or have you ever wanted just to simply get rich? You knw, play on Yachts with models all day driving Lambos.
Well tonight we are going to share a story about both, in this epic tale of : Gamestop
Comments
B.O.S.S. Radio
3 years ago
Melvin Capital and Citron were caught in what's known as a short squeeze, forcing the funds to buy more GameStop stock to cover their losses, which ended up driving the stock price even higher. This has happened before, most famously with Tesla stock.
B.O.S.S. Radio
3 years ago
Rep. Alexandria Ocasio-Cortez, D-N.Y., a member of the House Financial Services Committee, weighed in on the GameStop phenomenon. "Gotta admit it's really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino," the lawmaker tweeted Thursday.
B.O.S.S. Radio
3 years ago
GameStop's stock symbol is GME. On Reddit, one member of wallstreetbets, wrote early Thursday: "GME is about sending a message. ... For all the recessions they caused. For all the jobs and homes people have lost. For all the people that can't pay for college because minimum wage has stagnated while wall street gets rich. For all the retail traders they left holding the bag. For all the times they got bailed out with our tax money while we got nothing."
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