financial markets
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The Real Guy From The Big Short Gets Subpoenaed About GameStop
The frenzy around GameStop and other meme stocks from earlier this year may have quieted down a bit, but the SEC is still diligently on the case, trying to get to the bottom of what happened. That apparently includes subpoenaing big time investor Michael Burry, famous for betting against the 2000s housing bubble, and an…
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Mister DeepFuckingValue Goes To Washington
History was made today when Reddit user DeepFuckingValue, who goes by Roaring Kitty on YouTube, opened his Congressional testimony in a hearing about GameStop stock by specifying, for the literal record, that he is not actually a cat.
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GameStop Stock Is Starting To Go Bust
After soaring for more than a week, GameStop’s stock has plummeted back down to earth, sinking below $US100 ($132) a share several times today, a drop-off of more than $US200 ($264) from last week.
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GameStop Stock Drama Continues As Price Soars And Hedge Fund Blinks
GameStop’s stock price continued to soar in after-hours trading last night to over $US300 ($390). While many are waiting for it to come crashing back down, it might be too late for some major hedge funds. With the stock still sitting at well over $US250 ($325) a share (unthinkable just last year when it was…