The frenzy around GameStop, whose stock has soared 1,700 percent in the last month, presents a huge challenge for Mr. Gensler and the S.E.C., which will have to reckon with a fundamental shift in the capital markets as a new breed of investor begins trading stocks in unconventional ways and for unconventional reasons.
Full Answer
What's happening to GameStop?
Feb 01, 2021 · Why Tackling Gamestops Wild Stock Rise Will be a Challenge for Gensler – The New York Times February 1, 2021 “The S.E.C. has for years worried about hedge funds coordinating their positions and coordinating bear raids and otherwise engaging in activities to move around a stock,” said Tyler Gellasch, a former S.E.C. lawyer who heads the Healthy …
Is GameStop still a good stock to buy in 2022?
1 day ago · Apes of Reddit, rejoice! Shares of meme stock darling GameStop soared more than 20% at one point in midday trading Thursday and were halted several times for volatility. But there was no news to ...
Why is GameStop stock down Thursday after Netflix hire?
Mar 11, 2022 · GameStop ( GME -13.87%) shareholders lost ground to the market this week, with shares falling 16% through early Friday trading compared to a 1.6% decline in the S&P 500, according to data provided ...
How will the launch of new game consoles affect GameStop sales?
Jul 15, 2021 · GameStop's business has been suffering a slow decline over the last decade as more gamers choose to buy their games digitally over their PC or console instead of buying a packaged game disc at one ...
First Read
CBD Prices Languish As KSU Studies Using Hemp In Feed#N#Thom Thompson – John Lothian News
Lead Stories
Why the GameStop stock frenzy is likely to end in financial crisis; The drama unfolding around GameStop is a tale of the internet levelling the playing field between at-home retail investors and Wall Street.
Coronavirus
China reports 42 new COVID-19 cases vs 92 a day earlier#N#Reuters#N#China reported 42 new mainland COVID-19 cases on Jan. 31, down sharply from 92 cases a day earlier, the national health authority said on Monday.#N#/jlne.ws/2Yw6A63
Exchanges, OTC and Clearing
UK listings review is about more than the stock market; There is a need to fix the out-of-kilter balance between public and private regulation#N#Jonathan Ford – FT#N#At a time of perplexingly exuberant stock indices, with flash mobs prowling the internet seeking to squeeze short-selling hedge funds, it might seem an odd moment to focus on loosening stock market regulation.#N#/jlne.ws/3cvgGwf.
Fintech
Google deletes thousands of negative Robinhood app reviews#N#Noah Manskar – NY Post#N#Google appeared to remove nearly 100,000 negative reviews for the Robinhood app after outraged investors bombarded the stock-trading startup with complaints.
Cryptocurrencies
India’s Proposed Crypto Ban Has Investors Nervous, May Feed Anti-Bitcoin Narrative#N#Tanzeel Akhtar – Coindesk#N#India’s cryptocurrency investors were caught off-guard and left confused after news broke Friday that the country’s Parliament will be considering a government-backed bill that would ban “private” cryptocurrencies.
Politics
Banks Brace for Tougher Rules Under Biden on Consumer Protection, Fair Lending; Obama-era focus on financial stability gives way to concerns about racial equity, climate change#N#Andrew Ackerman and Orla McCaffrey – WSJ#N#After the 2008 financial crisis, regulatory reform efforts sought to make the system safer.
Who is the CEO of GameStop?
GameStop recently appointed Mike Furlong, former leader of Amazon's Australia business, to be its new CEO last month. These are part of GameStop's effort to shift to a "growth phase," as management explained on its last earnings call.
Who owns Amazon and Zynga?
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool 's board of directors. John Ballard owns shares of Amazon, Microsoft, and Zynga. The Motley Fool owns shares of and recommends Amazon, Facebook, Microsoft, Netflix, and Zynga.
Who is the CEO of Whole Foods Market?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool's board of directors.
Who is John Mackey?
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.
What happened
In true meme stock fashion, shares of GameStop ( NYSE:GME) soared this week with no company news. The biggest gains came Tuesday when the stock jumped 27.5%, and other Reddit favorites joined the party.
So what
GameStop will next report its financial results on Sept. 8. Besides the fact that there was no fundamental news from these names this week, there's another reason the surge in share prices is curious.
Now what
One of the main original drivers of the retail trading frenzy in these names was the aim to drive short squeezes. Meme stocks by definition have a relatively high amount of short interest.
GME Dedicated Thread - Breaking: CNBC engages in market manipulation - lies about Melvin Capital having already covered positions
GME Dedicated Thread - Breaking: CNBC engages in market manipulation - lies about Melvin Capital having already covered positions
The Importance of whats happening with GME
It's been many many years that companies have been shorting stocks and basically stealing money from the average investors by manipulating the market for a quick buck. What is currently happening with GME is finally a time where the little guy can swing right back as a united army. Let this be a lesson to short sellers.
Spreadsheet to calculate GME Exit Strategy, ROI Calculations & Breakeven Analysis
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Complete PLTR DD ahead of Demo Day (Valuation Included)
Palantir technologies is an American software company founded in 2003 and headquartered in Colorado that specializes in big data analytics.
First Read
Lead Stories
- Why the GameStop stock frenzy is likely to end in financial crisis; The drama unfolding around GameStop is a tale of the internet levelling the playing field between at-home retail investors and Wall Street. The US stock market may become as retail dominated, and as volatile, as the Chinese market Andy Xie – South China Morning Post A blood sport i...
Coronavirus
- China reports 42 new COVID-19 cases vs 92 a day earlier Reuters China reported 42 new mainland COVID-19 cases on Jan. 31, down sharply from 92 cases a day earlier, the national health authority said on Monday. /jlne.ws/2Yw6A63 As Others Rush to Vaccinate, Moscow Lures Takers With Ice Cream Jake Rudnitsky and Stepan Kravchenko – Bloomberg Demand limited even afte…
Exchanges, Otc and Clearing
- UK listings review is about more than the stock market; There is a need to fix the out-of-kilter balance between public and private regulation Jonathan Ford – FT At a time of perplexingly exuberant stock indices, with flash mobs prowling the internet seeking to squeeze short-selling hedge funds, it might seem an odd moment to focus on loosening stock market regulation. /jlne.…
Fintech
- Google deletes thousands of negative Robinhood app reviews Noah Manskar – NY Post Google appeared to remove nearly 100,000 negative reviews for the Robinhood app after outraged investors bombarded the stock-trading startup with complaints. Amateur traders urged each other online to leave negative reviews for the app in the Google Play Store after Robinhood froze tradi…
Cryptocurrencies
- India’s Proposed Crypto Ban Has Investors Nervous, May Feed Anti-Bitcoin Narrative Tanzeel Akhtar – Coindesk India’s cryptocurrency investors were caught off-guard and left confused after news broke Friday that the country’s Parliament will be considering a government-backed bill that would ban “private” cryptocurrencies. Given the ruling party controls both houses of Parliament, …
Politics
- Banks Brace for Tougher Rules Under Biden on Consumer Protection, Fair Lending; Obama-era focus on financial stability gives way to concerns about racial equity, climate change Andrew Ackerman and Orla McCaffrey – WSJ After the 2008 financial crisis, regulatory reform efforts sought to make the system safer. This time, the goal will be to make it fairer. In keeping with Pre…
Regulation
- SEC to Review Brokers’ Restrictions on GameStop, AMC Trading; Securities regulators say they are on the lookout for potentially manipulative trading Dave Michaels – WSJ Securities regulators said Friday they plan to closely review the actions of some brokerage firms that restricted investors’ ability to trade volatile stocks such as GameStop Corp. GME 67.87% this week. /on.ws…
Investing and Trading
- Silver Coin Sites Grind to a Halt as Reddit Horde Takes Aim Yvonne Yue Li – Bloomberg Retail sites were overwhelmed with demand for silver bars and coins on Sunday, suggesting the Reddit-inspired frenzy that roiled commodities markets last week is spilling over into physical assets. Sites from Money Metals and SD Bullion to JM Bullion and Apmex, the Walmart of precious met…
Environmental, Social and Corporate Governance
- U.S. Oil Pushes ‘Clean Shale’ as Biden Mounts Climate Attack Kevin Crowley, Rachel Adams-Heard, and Alix Steel – Bloomberg Chevron, Pioneer say U.S. restrictions would boost oil imports; Shale’s carbon footprint better than peers but gas a concern American oil executives began a pushback against some of President Joe Biden’s climate policies by making the case that fossil …