The digital equivalent of the Peasants’ Revolt – why the GameStop …

Voices The digital equivalent of the Peasants’ Revolt – why the GameStop story is both beautiful and terrifying. Trading apps have given small investors the collective ability to overwhelm and ...

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Why The GameStop Story Is Far From Over - BBC

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GameStop's shares slumped by 40% in 25 minutes on Wednesday, after a few days of frenetic growth. Earlier that day the share price had soared to nearly $350 (£250) - 100 times more …

bbc.com

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GameStop Stock Tipster Roaring Kitty Reveals He Lost $13m In One …

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Feb 3, 2021 · GameStop investor speaks out: ‘This story is so much bigger than me’ ... The GameStop story is the digital equivalent of the Peasants’ Revolt; In a statement, treasury …

independent.co.uk

FAQs about The digital equivalent of the Peasants’ Revolt – why the GameStop … Coupon?

What is a GameStop story?

This is the type of simple story I’d love to be able to tell about GameStop: In early 2021, a ragtag group of everyday traders, led by a Massachusetts dad going by — depending on your social media platform — Roaring Kitty or DeepFuckingValue, took on Wall Street titans and won. ...

Why is the GameStop story so unnerved?

That is one reason why the GameStop story has so unnerved people. It reminds Americans how incredibly dependent we all are on markets that can be very, very volatile. ...

Is GameStop a collective Gamble?

WallStreetBets is a great description of the group - investing in GameStop has become one collective gamble. With the stock price high, many people will feel like that gamble has paid off. But that is certainly not the end of the story. ...

Is GameStop a 'dumb money' stock?

They know GameStop's is a bubbly stock, prone to highs and lows. And they know a lot of the money going in is from amateur investors. Wall Street sometimes refers to these kinds of investors as "dumb money". "Everybody is looking at WallStreetBets now," Americans for Financial Reform analyst Alexis Goldstein told me. ...

Is GameStop a good stock to buy?

GameStop is the perfect reflection of all of this. The ultimately unsuccessful effort to squeeze short-sellers by pushing up the share price illustrates the risks of the markets. At the same time, the company itself illustrates how the nature of employment has changed. ...

Is GameStop a cynical Revolution?

As much as the GameStop story represented a populist backlash against Wall Street elites and a revolution in the financial markets, it remains an anomaly, the inner workings and implications of which are hard to grasp let alone harness. All this can serve to erode our trust in tech, AI, and social media and create more cynicism about the markets. ...