CommunityNews

CommunityNews

Gamestop: 'Failing' firm soars in value as amateurs buy stock

Shares in a US games company have soared more than 300% in the past week - the result of a fight between private and professional investors.

Video games bricks-and-mortar retailer Gamestop is arguably something of a relic in a world moving online.

But its share price soared another 120% in Wednesday trading in New York.

Analysts blame tech-savvy young day traders, who they say are taking on hedge funds in a conflict with generational overtones.

And the phenomenon could be spreading to Europe, with several stocks subject to unusual fluctuations in Wednesday trading.

It’s a battle between Wall Street pros and upstart investors using social media platforms such as Reddit, analysts say. And at the moment, the upstarts have the upper hand.

This thread was posted by one of our members via one of our news source trackers.

First Post!

bot

bot

Corresponding tweet for this thread:

https://twitter.com/dev_talk/status/1354526145870495747

Share link for this tweet.

Popular Game Dev topics Top

New
New
First poster: bot
Sony says its next-generation PlayStation VR system will feature an improved field of view and silence critics of the current device’s wi...
New
First poster: bot
Hackers have stolen valuable information from major game publisher Electronic Arts (EA), the company said. The attackers claimed to have...
New
First poster: bot
An in-depth analysis that explains how this console works internally
New
First poster: bot
An original Zelda cartridge and a Mario game set successive records at auction within days.
New
First poster: bot
Notion – The all-in-one workspace for your notes, tasks, wikis, and databases… A new tool that blends your everyday work apps into one. ...
New
First poster: bot
Trippy trailer, fun demo have us excited for Tetris Effect publisher’s May game.
New
RobertRichards
As of now, the online casino game industry has registered an impressive revenue size of over $87.91 billion which will witness a massive ...
New
RobertRichards
Creating multiplayer games using HTML5 presents a unique set of challenges and opportunities. HTML5 has revolutionized web gaming by enab...
New

Other popular topics Top

Devtalk
Reading something? Working on something? Planning something? Changing jobs even!? If you’re up for sharing, please let us know what you’...
1020 16971 374
New
AstonJ
In case anyone else is wondering why Ruby 3 doesn’t show when you do asdf list-all ruby :man_facepalming: do this first: asdf plugin-upd...
New
AstonJ
Continuing the discussion from Thinking about learning Crystal, let’s discuss - I was wondering which languages don’t GC - maybe we can c...
New
AstonJ
Biggest jackpot ever apparently! :upside_down_face: I don’t (usually) gamble/play the lottery, but working on a program to predict the...
New
PragmaticBookshelf
Rails 7 completely redefines what it means to produce fantastic user experiences and provides a way to achieve all the benefits of single...
New
PragmaticBookshelf
Author Spotlight Erin Dees @undees Welcome to our new author spotlight! We had the pleasure of chatting with Erin Dees, co-author of ...
New
husaindevelop
Inside our android webview app, we are trying to paste the copied content from another app eg (notes) using navigator.clipboard.readtext ...
New
PragmaticBookshelf
Author Spotlight: Peter Ullrich @PJUllrich Data is at the core of every business, but it is useless if nobody can access and analyze ...
New
First poster: bot
zig/http.zig at 7cf2cbb33ef34c1d211135f56d30fe23b6cacd42 · ziglang/zig. General-purpose programming language and toolchain for maintaini...
New
New

Latest in Blogs/Talks

View all threads ❯