Another day, another YouTube channel with over half a million subscribers giving agonizing detail of their absolutely crazy $EBAY customer support experience over a randomly banned account.🤦♀️
$GME @ryancohen please fix.
https://t.co/oVr7kflFdr
REMINDER: Ryan Cohen, CEO of GameStop, will be on Bloomberg Tech TODAY at 11:30am ET
With Bloomberg’s global presence and institutional exposure, today’s interview has the potential to be one of Ryan Cohen’s highest reach appearances since GameStop's bid for eBay in May. 👀
$GME $EBAY
eBay CEO Jamie Iannone dumps another $2,531,580 worth of stock under Rule 10b5-1 adding to the total insider sales of net -$136,389,295 over the past five years with $0 worth of purchases.
$GME
@heydomoshi@buckthebunny I'm always paying attention to lunar cycle and when I saw it was going to be a Buck moon a few months ago, I made a mental note... Super tin but I'm here for it.
Ryan Cohen: “Why Does Everyone Want GameStop to Fail?”
$GME CEO @ryancohen:
“The media is an example. Why is it that you've got a ($EBAY) management team with no skin in the game, they're not builders, they haven't built anything themselves before, they've basically just been employees at major companies, they’ve been overpaid, I don't think they've ever broken out a sweat in their entire lives, why does everyone want them to succeed?
But when you have someone that, and by the way, I'm putting $500M of my own money into this transaction, I haven't pulled a penny out of GameStop, and it seems like everyone in the media basically wants us to fail, and wants them to succeed.
And you've got a board that's making hundreds of thousands of dollars a year. They don't buy stock with their own money. They end up showing up to a handful of board meetings, and they're making a fortune. You've got a management team that is grossly overpaid, taking zero risk.
There's nothing more American than basically risking your own capital. So why does everyone want us to fail?
@friedberg:
“I do think that the media, in order to give you credibility, they're gonna have to acknowledge that all of their takes on GameStop just being a meme stock were wrong, and that there is actually a business here, and that there is value being created here, and that they missed that, and they got the story completely wrong.”
--------------------------------------
Thanks to our partners!
Most advertisers have never heard of the platform with an $11B annual run rate in ad spend. AppLovin Ads — 1B+ daily active users, full-screen video ads watched for a median of 35 seconds, and businesses are profitably spending hundreds of thousands of dollars a day on it. Advertiser access is in closed beta. The window is open at https://t.co/h9SzJOL6wj
Nasdaq - Positioned at the nexus of technology and the capital markets, Nasdaq provides premier platforms and services for global capital markets and beyond with unmatched technology, insights and markets expertise. https://t.co/M4axvGYyrT
@DanielW40094974 I’d like to report a crime… that’s almost 50% fees 😵💫😵💫😵💫. That’s not sustainable and it’s crazy they are allowed to get away with it since nothing currently is better.
A man invested $53,000 of his family's savings into a dying video game store. Hedge funds laughed. He turned it into $48 MILLION and made Wall Street beg Congress to stop him.
> Keith Gill was a 34 year old financial analyst at a Boston insurance firm in 2019. His salary was ordinary but his conviction was not.
> He believed GameStop, a struggling mall video game retailer trading at $5 a share, was one of the most undervalued companies in America.
> Wall Street disagreed. Hedge funds had shorted the stock so aggressively that more shares were shorted than actually existed. They were certain it was going to zero.
> Gill invested $53,000 of his family's savings and started posting his analysis online under the name DeepFuckingValue on Reddit and Roaring Kitty on YouTube.
> Nobody took him seriously. He kept posting anyway, week after week, with nothing but spreadsheets and conviction.
> In January 2021 retail traders on Reddit's WallStreetBets discovered his posts.
> They started buying. The stock went from $5 to $483 in three weeks. A 9,600% move.
> Hedge funds that shorted the stock lost BILLIONS. One firm alone lost $6.8 BILLIO and had to be bailed out by other hedge funds.
> By January 27 2021 Gill's $53,000 investment was worth $48 MILLION.
> He lost $13 MILLION in a single day when the stock fell. He held anyway, without flinching, without selling a share.
> Robinhood restricted buying of GameStop without warning. Retail traders were furious. Congress summoned Gill to testify.
> He showed up in his Roaring Kitty headband and said three words that became the most quoted phrase in finance that year: "I like the stock."
> His employer fired him and paid a $4 MILLION fine for failing to supervise his trading.
> He went quiet for three years. Then in May 2024 he posted a single image on X. GameStop surged 50% the next morning before he said a word.
> By June 2024 his position was worth $289 MILLION.
> A Hollywood film called Dumb Money was made about the saga, starring Paul Dano. He has never spoken publicly about it.
He invested $53,000 into a stock Wall Street had already written off for dead. Hedge funds lost BILLIONS.
@GoatBeardzDD@ryancohen@grok I do find it interesting the launch timing of GTA. Could you imagine if they utilized an NFT marketplace? As a gamer the amount of money poured into skins and other accessories is insane but the player never owns it. Not saying anything it ties together but I’m watching 👀