No, this isn’t a bad thing. Teachers, take note: except in this case - redditors saw the overloaded short position and started buying the stock, as a "short squeeze" against melvin. GameStop is the world's largest retail gaming company. The Volkswagen short squeeze is archeology. Let me know in the comments what you think of everything going on with Gamestop and what your predictions are for it. Everyone is going mad for GameStop stocks and Reddit and it's all a bit confusing. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. MORE | Robinhood restricts stock trading in GameStop, politicians demand answers. Here's a simple explanation. Although it is free of copyright restrictions, this image may still be subject to other restrictions . The Gamestop bubble would be little more than a footnote in market history — but for the strange inspiration it has given to the story-spinners out there. This logo image consists only of simple geometric shapes or text. Some cheered the victory of Reddit and Robinhood over Wall Street. It does not meet the threshold of originality needed for copyright protection, and is therefore in the public domain . An explanation for non-finance people. File history. Thanks to the digitalisation of video games, compounded by the pandemic, GameStop was struggling in the past year. Date/Time Thumbnail Dimensions User Comment; current: 00:26, 16 October 2013: 530 × 100 (14 KB): Illegitimate Barrister: cropped empty space: 22:18, 26 April 2009: 562 × 132 (16 KB): Yarnalgo Here's a simple explanation for those not versed in the markets. Later in the day, Melvin goes to Gamestop with his $5 off coupon and says, “I’ll take 200 Nintendo Switches please.” ... Too-easy trading could encourage people to … Join me and invest commission-free with Freetrade. If you're not familiar with shorting - read this simple explanation using apes and snakes and bananas from the subreddit. Which is where Twitter user SteveyJ comes in. A simple, 3-minute explainer for the biggest, most confusing, story in the news right now. At least one hedge fund, Melvin Capital, that was shorting GameStop (betting the price would fall) got utterly crushed. Reddit, short squeezes, margin trading: Here's an explanation of what's going on. Here's a simple explanation. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. Here's a simple explanation for those not versed in the markets. The basic concept was simple. The app would also alert you to dangers of investing in stocks like GameStop, but a simple acknowledgment would allow you to still trade. Braden Maccke Gamestop, Gamma Squeeze, GME, r/WallStreetBets, WallStreetBets. In GameStop’s case, short selling the stock used to be a no-brainer. There's a stock term called "shorting." But small-time investors weren’t having it. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. Here's a simple explanation. (And how do you get a piece of the action?) The GameStop ShortSqueeze Explained – The News Today. So in case you haven’t heard yet, there’s a wild mess going on involving Reddit (as it usually does), struggling US video game chain GameStop, and some pretty pissed off billionaires.. To quickly sum up what’s gone on so far in bullet point form: This is a massively simplified explanation of something called shorting, or short selling - words you might've seen cropping up in your feeds in the last few days. How Reddit's Roaring Kitten earned 28.500 on GameStop promotions: simple explanation Everyone is discussing an insanely beautiful story about how the guys from Reddit were able to defeat arrogant hedge funds, but not everyone understands what exactly happened in the markets. Video game junkies should be familiar with GameStop, a national chain of stores that stocks video games, video game accessories, and acts as … These are low-margin items, and the category is dying. “Gamer’s” can buy or sell hard copies of video games in a real store. And while we aren't the Wall Street Journal, we can shed a little light on the situation. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. Hollywood is on it. The GameStop/Reddit fustercluck has escalated further and now involved Robinhood somehow, so here’s an explainer on it all. Here's a simple explanation for those not versed in the markets. SIMPLE explanation of why Game Stock’s stock (GME) went up by 1600% in one day, what it has to do with Reddit and #EatTheRich (with memes and screenshots of … The GameStop controversy that has dominated the news cycle over the last couple of days has triggered many people to wonder what the fuss is all about. Welcome to a completely new world, where RobinHood (traders) steal from the rich and give to the poor! It’s one of those confluence-of-events types of scenarios where … GameStop's Reddit-Fueled Stock Surge Explained in Simple Terms. You play as Jake conway and he's like a guy from the military who is going back home to bond with his brother. GameStop stock prices That R500 I mentioned is just an example, we’ll get to the actual prices now. It will be hard for GameStop to turn its stock boom into material improvements to its core business that might make a big price more durable. Here's a simple explanation … Here’s a simple construct of it: A hedge fund manager spends $ 10 to take on loan shares from GameStop with an interest of $ 1 (for the sake of simple math). GameStop is a storefront company that is primarily in the business of buying and selling computer games. The increased price means the company’s shareholders can pay for college, buy themselves yachts, or just feel good about making a few bucks.But it’s not like the company itself collects a toll every time someone buys a share. Easy Explanation of What's Happening with the Reddit Stock Market Situation By Chelsea Thomas Jan 29, 2021. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. However, this week, with all the news surrounding GameStop, AMC Theaters, BlackBerry, and Nokia, I've been researching like crazy. We can only speculate as to why this is happening, though GameStop's CEO's point of the looming next-gen consoles is a feasible explanation. Here's a simple explanation for those not versed in the markets. “Explain it like I’m 5 years old,” Kristen Gallant, an administrator at a local university, texted a kindly student when the story broke. Here's a look back at the story so far, with an explanation of stocks, short-selling and what has been happening with GameStop. Within a few years, sales and earnings will likely fall into terminal decline. All signs point to GameStop stock plunging back to earth before long. Watching an anime movie or series can be…, If you have been online at all over the last week, you may have seen a lot of articles, news-bites and memes…. Kathryn VanArendonk: The most simple, basic, explain-it-to-a-child version I have been able to find for what is happening to GameStop stock actually comes from … As a short explanation, the internet has stirred itself into a frenzy over GameStop, a U.S.-based video game retailer (EB Games is the company’s Canadian division). Here's a simple explanation. The basic concept was simple. Keith and his 99 friends buy all 100 Nintendo Switches on the spot. It has tokenomics similar to that of SafeMoon with a 3% burn, 3% liquidity redistribution, and 3% redistribution to holders. It's not. Okay, no joke, but this game is terrible. If you're confused about what's been going on with stock-market news lately, especially that tied to GameStop, I tried to explain it as simple as possible. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. It's just something that I never really thought about other than the simple effects it has on our lives. MORE: GameStop Online Sales Spiked by 1,500 Percent. GameStop Short Squeeze. A lot of big investors had decided that GameStop was the next Blockbuster, a brick-and-mortar retailer doomed to financial ruin by technological change. Here's a simple explanation for those not versed in the markets. The act of shorting or short selling is a fairly simple concept. Even before the pandemic, GameStop was struggling to compete with a digital video game economy that’s made it easier than ever to download or stream a game without needing to buy a physical copy. What Caused The Fall? Keith is good friends with the guys over at Gamestop. If you continue to use this site we will assume that you are happy with it. Here's a simple explanation for those not versed in the markets. GameStop has been at the center of controversy before.Just last year it drew a tide of criticism for trying to stay open at the start of the COVID-19 pandemic, claiming it … Replying to podcaster Darius Soriano's request for a simple explanation of the Gamestop story, SteveyJ posted a … On Wednesday, the stock price of the troubled retailer of video … Here's a simple explanation for those not versed in the markets. “For years, betting against [GameStop] has been like shooting fish in a barrel,” Mad Money host Jim Cramer said on Monday.The brick-and-mortar video game stores seemed destined for obsolescence in an era when games are more and more often being downloaded rather than purchased in the form of physical … admin. Keith is good friends with the guys over at Gamestop. GameStop Corp.’s Class A common stock is traded on the New York Stock Exchange under the ticker symbol “GME” (NYSE: GME). Now Gamestop's price per share stands at $347 and is worth as much as BestBuy. Trevor Noah explains the GameStop situation as Margot Robbie from The Big Short this link is to an external site that may or may not meet accessibility guidelines. The hedge funds that bet GameStop's stock would fail … More r/wsb people decided to take on the real life Wall Street David vs Goliath style GameStop is a brick-and-mortar retailer that many young people grew up with, but that had been declining in recent years. Here's a simple explanation for those not versed in the markets. Here's a simple explanation. “Explain it like I’m 5 years old,” Kristen Gallant, an administrator at a local university, texted a kindly student when the story broke. 31 5 2 minutes read. GameStop is a publicly traded company, best known for selling video-game discs and cartridges in shopping malls. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). Gamestop: The GME Short Squeeze Explained. Gamestop Big Picture: The Short Singularity Pt 3. inception. ... Others may … Last Updated: 29th January, 2021 15:00 IST US Woman's 'normal' Explanation Of Stock Market Goes Viral Amid GameStop Share Surge Avalon Penrose’s viral video about ‘normal person’ explaining the stock market has now garnered over 15 mn views on Twitter amid GameStop … You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. ... read this simple explanation using apes and snakes and bananas from the … On Wednesday, the stock price of the troubled retailer of video … If your mum tries to ask you what it's about, just say stonks. January 28, 2021 January 29, 2021 Karma Bennett Politics, Resistance. GameStop is going under a short squeeze, maybe the most epic of all times. An explanation of the GameStop stock story for people who are wondering what it’s all about. Click on a date/time to view the file as it appeared at that time. GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. Keith and his 99 friends buy all 100 Nintendo Switches on the spot. Jan. 28, 2021 It’s called a short squeeze, and it involves investors betting on which way a stock will go — up or down. IMPORTANT DEFINITIONS Hedge Fund - A hedge fund is an investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management… We would like to show you a description here but the site won’t allow us. By Shannon Grixti 4 months ago. They banded together and bought up all the stocks so the hedge fund couldn’t make their … GameStop stock rose more than 1600% in two days. But there’s an economic justice angle that is easy to miss. For those who haven’t heard of shorting stock, Forbes offers a simple explanation: Normally, savvy investors buy stocks at low prices, hold the stocks and then sell them at … GameStop is a brick-and-mortar retailer that sells video games, video-game consoles, and junk. The story changes seemingly by the second, but we wanted to give a simple — as possible, that is — explanation of what is happening, how it affects the market, how it affects everyday people, and the potential future consequences and ramifications. 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 … If you've been following major news, meme pages, Twitter, or just about anything, then you'll know the stock market in the US has had an insane week. GameStop's stock prices have started rocketing after Redditors stepped in to save the "dying biz. GameStop’s price went from $119 at the beginning of last week to a high of … Their physical shops - the basis of their business - weren't doing well. Facebook Twitter LinkedIn Tumblr Pinterest Reddit VKontakte Odnoklassniki Pocket. The GameStop rally meant that stocks valued around $9 a share started gaining value in October when the call “GME Squeeze and the demise of Melvin Capital,” went out on WallStreetBets. Here's a simple explanation … The stock value of GameStop has soared more than 300 percent in the past week with the price at the moment of writing standing at $347.. How did a company, which was once described by an investor as “a failing mall-based retailer”, end up there?. Selling Something You Do Not Own: The Tale of GameStop Shares. They stood at $70 on Monday but $347 at market close, and oscillating between $250 and $315 in after-hours trading. A SIMPLE explanation of the GameStop stock short sale—and why it's led to #EatTheRich to be trending on Twitter. Here's a simple explanation. There’s a company called GameStop Corp. A bunch of Redditors tried to troll the company by buying that stock, to stop their plan of “Sell and it and rebuy it again at a cheaper rate” that a lot of companies do in this sort of situation. GameStop, based in Grapevine, Texas, sells video games at more than 5,000 stores, and the pandemic has been keeping customers away. I found this simple explanation on Twitter this morning, and this really helped explain what was going on! Here's a simple explanation for those not versed in the markets. The company's revenue and profits have been falling for a while. GameStop hedge funds vs. redditors short sale saga explained What's the drama between Wall Street, GameStop and some investors on Reddit? The simple explanation is that the extended rise reflects the market’s optimism in a more stable future. Here’s a nice video explanation from Investopedia, please take a look. The GameStop controversy that has dominated the news cycle over the last couple of days has triggered many people to wonder what the fuss is all about. But these days, GameStop is … In a short sale, they borrow a share of GameStop and then sell it. When you logged in, Robinhood would alert you with “volatile markets” and have an explanation on what this meant. This is a massively simplified explanation of something called shorting, or short selling - words you might've seen cropping up in your feeds in the last few days. Shares of U.S. videogame retailer GameStop surged as much as 144 per cent on Monday, touching another record high after already surging about 245 per cent since the beginning of the year. Gamestop's stock isn't good because of how good the company is doing because they've been consistently losing money . The user showed that he turned an initial investment of $53,566 in GameStop call options into $11.2 million. An investment company decided to sell a bunch of Gamestop stock, as they felt that the company wasn’t doing so hot anymore. GameStop is an American chain of video game stores — for those Australian readers, it’s a little like EB Games. Robinhood still seemed to be on our side by having coaching style alerts. A lot of big investors had decided that GameStop was the next Blockbuster, a brick-and-mortar retailer doomed to financial ruin by technological change. GameStop is one of the most shorted stocks on Wall Street. GameStop is a fair launch token that launches in roughly 20 minutes that has the true potential to go absolutely bonkers upon launch. IMPORTANT DEFINITIONS Hedge Fund - A hedge fund is an investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management… a simple explanation on why to hold until friday 1/29 reddit I feel like there are a ton of new and confused traders in here so I’m going to help explain what’s happening… Gamestop (GME) and (AMC) are two failing companies who’s stocks got a bump in the market due to some recent good, but ultimately inconsequential news. Any good retail trader knows that it is never good practice to short the market, but it still happens. The share price of retailer GameStop has rocketed by 8,000 percent in six months as members of the Reddit community r/WallStreetBets have … Congress will most likely get involved in this in some way. By. The manager then sells the stocks at that price to people (like you and me) with the intention of buying it back later. A day-trader on popular Reddit community WallStreetBets has claimed to have gained on GameStop’s controversial 261% rally this month. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. GameStop's woes appear to have been endless, with it suffering major losses in the final year of this decade. The story is quite simple to understand. What is going on with GameStop’s stock price? Shop at GameStop online at GameStop.com, via the GameStop app or in stores. There’s no simple reason that Gamestop (NYSE: GME) became the subject of the most high-profile short squeeze anyone can remember. SIMPLE explanation of why Game Stock’s stock (GME) went up by 1600% in one day, what it has to do with Reddit and #EatTheRich (with memes and screenshots of … GameStop, which was founded in 1984, had a simple business model: selling video games and equipment out of its physical locations. The GameStop fiasco, explained. Like many companies that are in rough shape, GameStop was the subject of what's called short selling, in which professional investors borrow shares … GameStop, based in Grapevine, Texas, sells video games at more than 5,000 stores, and the pandemic has been keeping customers away. (If you'd like to skip the explanation and jump to my suggestions for the future, go here.) Here's a simple explanation for those not versed in the markets. Here’s The GameStop Stock Situation Explained In The Most Simple Way Possible. It’s been another wild week on the internet, with absolutely nobody being able to predict the fact that Gamestop (the owner of EB Games) being in the news around the world. More worrisome is … January 27, 2021 6:31 PM. r/wsb found out about this and amass it’s hundred thousand followers to push GME price up to counter this claim. He finds out that there are were only 100 new Switches shipped to the entire country. In simple terms it shows how people with a lot of money can manipulate the stock price if they want . Citron Research was going to release a video saying why GME was not worth $20 and it should be lower. Here's a simple explanation. This is part of the game, and just because it's a new component doesn't make it any worse than what hedge fund managers do. ... this news about GameStop stock skyrocketing because a bunch of Reddit users did something and a bunch of billionaire hedge funders got screwed over by it has been a little lost of me. Well, here's the layman's terms explanation of what's happening, even if you don't really know the stock market or investing. It’s possible that a year from now, looking back on GameStop week, we’ll say, Hmm, ... Derek: There might be a simple explanation, or it might be extremely strange. It sells video games at more than 5,000 stores, and the pandemic has been keeping customers away. This logo image consists only of simple geometric shapes or text. GameStop Untold Story Video Start Rick’s Picks Trial Preparing for the Big Bust Rick covered quite a bit of ground in this presentation – not just the Gamestop episode and its implications for the next bear market, but also the coming deflation and shocking resurgence of the dollar; the likely impact of this on stocks, […] A SIMPLE explanation of the GameStop stock short sale—and why it’s led to #EatTheRich to be trending on Twitter. In August 2019, none other than Michael Burry, the famed “Big Short” investor who predicted (and profited greatly from) the subprime-mortgage crisis of 2008, had taken a massive 3 million share position in the video game retailer in his hedge fund Scion Asset Management. It’s where you go to trade in old titles, buy new consoles, and load up on Franz Kafka Funko Pops (NB: I know nothing about Funko Pops.) The short answer is that GameStop stock has gone up more than 33 percent this week. The GameStop trading frenzy, explained. GameStop Stock Explained: Robinhood, Short Squeezes, And Reddit. The GameStop stock price is still at a record high following an army of organized Redditors deciding to take advantage of short-sell activity around the company's stock to … A Simple Explanation of GameStop, Reddit, and Short . When GameStop's price jumped, more than 1000%, you can take a guess who was not happy. And one big question amid the frenzy has been how much the little guys really matter. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. Video journalists: Chris Fox and Fahima Abdulrahman. You've probably heard about the drama between Wall Street, GameStop and some investors on Reddit. He finds out that there are were only 100 new Switches shipped to the entire country. It's a fairly simple maneuver that involves hedge funds borrowing GameStop shares from lenders at a $1 fee, for example, and promises to give them all back. Unless you’ve been living in a cave….on the moon….you’ve probably seen and heard everyone talking about GameStop and what happened to the stock. Welcome to the world's largest retail gaming and trade-in destination. GameStop stock dropped a bit Thursday, but it’s still up nearly 1000% in 2021. More worrisome is … ... redditlurker2001, posted a brilliant analogy, explaining the whole situation in simple terms. It sells video games at the mall. So what is going on and what the hell does this have to do with Reddit? Here's a simple explanation for those not versed in the markets. 25 May 2001. Items portrayed in this file depicts. This is due to the company’s stock price surging, after a bunch of Redditors wanted to prove a point to Wall … The drama sent GameStop shares up nearly 2,000% at one point in less than a month. Here's a simple explanation. As Reddit and retail traders started to take notice of GameStop, they also took notice of how heavily shorted the stock was — information that’s generally pretty easy to get. The Short squeeze of GameStop By wall street bets. Find current gen and next-gen consoles, games and accessories for PlayStation, Xbox and Nintendo, along with a wide selection of gamer-centric apparel, collectibles & more. But there’s a very simple and plausible story of why Robinhood shut down, which is that its own financial position was falling apart as GameStop became more volatile. GameStop makes their money through used games, merchandise, and little else. GameStop sells new video game consoles and games, but they make a large chunk of their revenue from their sales of used games and consoles. GameStop stores buy used products back, give them a significant markup, and sell them to another customer. ... so it was easy to guess. But in this case, everyone can relate to a simple datapoint: shares in GameStop – you know, the box store that sells computer games. Essentially, a Reddit community called ‘Wall Street Bets’ (WSB) struck out at hedge funds that shorted the GameStop stock, starting an insane stock price rally. January 26, 2021 9:40 AM. Here is a short guide to understanding what happened on the stock market. Here's a simple explanation. Think Blockbuster but for video-games. Reddit versus Wall Street: Explain it Like I’m Five Later in the day, Melvin goes to Gamestop with his $5 off coupon and says, “I’ll take 200 Nintendo Switches please.” Games Details: People also searched for gamestop explanation, 492-935-7733 knowledgema, gamestop explained simple terms, gamestop reddit explaination simple, gamestop story in simple explanation, Simple explanation of gamestop, simple way to explain the game stop, what is a short reddit. Today, we're covering GameStop's stock price going absolutely wild in the last few days. Get started with a free share worth £3-£200: Welcome to FTW Explains, a guide to catching up on and better understanding stuff going on in the world. By now, you've at least heard about this crazy stock market situation involving Reddit, Gamestop, hedge funds, right? Here's a simple explanation. Here's a simple explanation for those not versed in the markets.
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