If you haven’t heard the word “GameStop” lately, you haven’t turned on a television, a radio, glanced at your smart phone, or gotten out of bed. I envy you. Depending on your age, sure you may recognize the name from your youth. After all, it was a going Jesse of a retailer a few years back, before video games began to move online and the pandemic had people avoiding stores like, well, the plague.
Anyway, suffice it to say that the stock of the company was in the toilet, the only interest in said stock coming from the likes of coiffured hedge fund billionaires who busied themselves placing short positions (selling borrowed shares, betting that the stock will fall even further) whilst sipping bourbon on the veranda and getting their pants pressed in preparation for an appearance on CNBC wherein they would school the unwashed rubes in TV land in the ways of the stock market. All was right with the world. |
AuthorDavid Alan Carter Archives
May 2024
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