1. HarvHouHacker

    HarvHouHacker Owner of the Rock Band Customs Project
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    How did this happen? Was it a glitch in the stock prices? :P
     
  2. Scott_pilgrim

    Scott_pilgrim Nyan-binary
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    — Posts automatically merged - Please don't double post! —

    Basically,on r/wallstreetbets, people mess with the stock market for lols
     
  3. Seliph

    Seliph Devout Transphobe <3
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    Hilarious. Just goes to show how meaningless the stock market is
     
  4. Silent_Gunner

    Silent_Gunner The Edge of the Soul
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    Scott_pilgrim and Chary like this.
  5. Viri

    Viri GBAtemp Psycho!
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    I'm not a stock expert, but isn't this kind of illegal?
     
  6. Scott_pilgrim

    Scott_pilgrim Nyan-binary
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    What’s illegal about it? People are just buying a stock
     
  7. Ericzander

    OP Ericzander GBAtemp's residential attorney
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    There actually are some shenanigans going on behind the scenes of dubious legality. Not from the /r/wsb bros but from the hedgefund billionaires. @Foxi4 would be better at explaining it than I.
     
    GhostLatte, Scott_pilgrim and Xzi like this.
  8. xdarkx

    xdarkx GBAtemp Advanced Fan
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    Not a glitch



    TL;DR
    Blame the redditors, specifically /r/wsb.

    Wouldn't recommend investing in this stock unless you know what you are doing and are only putting in money that you are okay losing.
     
    HinaNaru Cutie, Xzi and Scott_pilgrim like this.
  9. Xzi

    Xzi GBAtemp's Resident Plok Expert
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    I mean at least for once, the theoretical "little guys" get to take money from rich hedge fund managers/corporations. They'll have to buy out the other stock owners at a much higher price in order to liquidate Gamestop. This may or may not delay Gamestop from going under. I think that's the jist of it.

    Okay never mind, it's just a hilarious combination of short-sellers and also legit investors from /r/wsb buying in, creating massive demand and therefore a massive price spike. A bunch of the Redditors sold at $156, many after having bought in at $20 or less (Gamestop stock was as low as under a dollar at one point). But as of this posting it's already back to $147.98, and they're still trying to drive it higher.
     
    Last edited by Xzi, Jan 27, 2021
  10. Sicklyboy

    Sicklyboy #JOYCONBOYZFOREVER
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    This is by far one of the most fascinating things of 2021 so far. And 2021 has been a hell of a ride as it is. :ninja:
     
  11. PineappleGod

    PineappleGod Emotionally Overencumbered
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    WHATSAPP
     
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  12. GhostLatte

    GhostLatte GBAtemp's Official Van Master™
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    Great video if you haven’t seen it already

     
  13. leon315

    leon315 POWERLIFTER
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    Now imaging you bought 1000 of GME stocks when they were still 2-3$
     
  14. Ericzander

    OP Ericzander GBAtemp's residential attorney
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    I'd love to be a millionaire. I think of it every day haha.
     
  15. leon315

    leon315 POWERLIFTER
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    G
    GG, the world has finished 2020 tutorial, now with new British variant discovered, we are starting 2021 campaign! Anything could happen!

    P. S. Which platform /app do you guys use for trading? Ask for a friend.
     
  16. TobiasAmaranth

    TobiasAmaranth GBAtemp Fan
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    If I understood this stuff more, I'd have made a lot of money by seeing it happen. I watch Reddit TOP and it's been a thing for a bit.

    As a disabled person with a disabled girlfriend, struggling with money and feeling like life's a dead end, these posts about it are.... depressing to say the least. Money will always be tight, and seeing the gains of people here, it's like, if I could only have a fraction of that chunk, I could fix all my problems and be able to have the modest life I want with my mate.

    That, or this type of stuff is going to break the entire concept of the stock market. One of those.
     
  17. realtimesave

    realtimesave GBAtemp Regular
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    short the shit out of this stock, that is how you will make money. a year from now this stock will be worth 25 cents a share.
     
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  18. CanIHazWarez

    CanIHazWarez GBAtemp Regular
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    If it makes you feel any better... early success in investing is a curse. You taste easy money and then think that you're some kind of wunderkind. This leads you to make stupid decisions, thinking that you can duplicate your earlier success.
     
    Scott_pilgrim likes this.
  19. ChibiMofo

    ChibiMofo NPC Chibi-Robo for Wii needs a fan translation
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    This is the best short squeeze I have ever seen! Then again, someone is going to make a fortune selling it short now.
     
    Scott_pilgrim and CallmeBerto like this.
  20. Jayro

    Jayro MediCat USB and Malwarebytes Bootable Developer
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    This is terrible, we want GameStop to tank. They treat their employees so bad, and nothing has changed since Reggie joined them. It's a sinking ship that just had their hull bailed out, but it's still sinking.
     
    Taleweaver and Scott_pilgrim like this.
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