Want to understand why GameStop (NYSE: GME) shares are rocketing higher?Consider taking a trip to subreddit r/WallStreetBets. It is my privilege to serve as GameStop’s chief executive officer, working with a group of highly-committed and knowledgeable Board members in stewardship of the long-term interests of all our stockholders. GameStop has held on in part thanks to its business in used-games (which are cheaper, and which you can’t simply download) and because of high demand for … Rhizome Partners, in its Q1 2021 investor letter, mentioned GameStop Corp. (NYSE: GME), and shared their insights on the company. The GameStop frenzy, kicked off by the subreddit r/wallstreetbets, struck a chord with many retail investors and individuals who resented what … To say GameStop (NYSE: GME) has gone parabolic would almost be an understatement.In July 2020, GME was a $4 stock. The GameStop chaos is what happens when a stock becomes a meme. GME stock is the poster child of the lucrative "short squeeze" rally that took off in early 2021. Reddit … There, you will find Reddit … Melvin and Citron believe (possibly correctly) that GameStop’s long-term prospects are bad. This week, the beleaguered games retailer rallied as high … bets against the company GameStop. We cover these bets in Q&A #3 and #4. GameStop disclosed on April 5, 2021 that it had filed a prospectus supplement with the U.S. Securities and Exchange Commission to offer and sell up to a maximum of 3,500,000 shares of its common stock from time to time through the ATM Offering. GameStop is a retail store that sells video games and related products. GameStop Corp. is … As we move forward in 2021, we are focused on transforming GameStop into a customer-obsessed technology company that delights gamers. Melvin and Citron made big (and risky!)
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