GameStop Stock Fiasco Explained

Demon_Skeith

Demon_Skeith

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A pretty clear break down of the madness going on.
 
It's kind of crazy that GameStop ended up being the thing that brought a lot of people together. Never seen so many politicians from both sides support the small guys
 
It has crashed like hell. Luckily I sold a bit early to make a decent profit but my profit could have been a lot more if I sold earlier.
 
Hopefully, there are not many people who lost most of their money in their bank account, or owe their credit card company a lot of money by recently buying a lot of Gamestop stocks before it recently crashed.
 
A lot of people did not sell and are holding "bags" as they like to call it. For some reason, there are some out there that still think a short squeeze is possible!
 
I think most people get that but they're not getting it into their head that the short squeeze already took place when the price went up to $400+. Most are just scared to admit they missed it I guess
 
Read this tweet:
https://twitter.com/x/status/1364374122604621826

GameStop chief financial officer Jim Bell is set to resign from his position on March 26, the video game retailer announced today. He’ll do so $2.8 million richer thanks to a lucrative severance bonus.

According to SEC filings first reported by IGN, the contract Bell signed with GameStop in 2019 affords him a severance bonus of double his combined annual salary ($700,000) and annual bonus opportunity ($700,000), resulting in the $2.8 million windfall.
 
$2.8 million severance is crazy. Where do I find a job where I can leave and get a nice million pound bonus?
 
It is sad that Gamestop pays almost $3 million to Jim Bell as Severance while most Gamestop retail workers and its retail store locations are struggling during the Covid19 Pandemic, and online stores like Amazon and eBay, and digital game sales taking many of their buyers away from Gamestop.
 
The stock price has risen up massively and people aren't sure what's causing it exactly. Part 2 of this stock fiasco is going to be interesting to keep tabs on
 
Ash said:
The stock price has risen up massively and people aren't sure what's causing it exactly. Part 2 of this stock fiasco is going to be interesting to keep tabs on
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I feel the huge demand for game consoles, games, and gaming related toys like Pokemon cards during the Covid19 Pandemic maybe one of the reasons for Gamestop's stock price to be rising.
 
Demon_Skeith said:
going back up again?
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Yeah, it was staying around the $40 mark for a while but has risen up sharply. Fall a bit today but it's still around $100
froggyboy604 said:
I feel the huge demand for game consoles, games, and gaming related toys like Pokemon cards during the Covid19 Pandemic maybe one of the reasons for Gamestop's stock price to be rising.
Click to expand...
That could have an impact in the future when the revenue reports are released but this price increase is due to something else imo
 
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