Page 13 - Bailey Lipschultz News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Meme stocks hitting the rocks as chat room investors get fried Arrogance and ignorance are an awful combination in any walk of life – but with investing, they become ruinous. That reality is playing out for millions of novice share market punters who jumped into US “meme stocks” with disastrous consequences. Meme stocks are listed equities whose underlying companies have poor fundamental and weak businesses whose share prices have been fuelled through social media chat rooms (mainly Reddit, Twitter and TikTok). From the South Sea Bubble in 1720 to the Dot Com Bust of 2000, fools and the...

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GameStop rally fades a bit, as reports surface of search underway for new CEO The Grapevine-based video game company is said to be searching for a replacement for CEO George Sherman. An analyst Edward Woo threw cold water on GameStop's hot streak when he wrote in a note to investors increasing digital sales for video-game publishers is a looming risk given GameStop’s minimal market share.(John Minchillo) GameStop Corp.’s shares fell on Monday, heading toward the longest losing streak in a year, after another analyst questioned the video-game retailer’s long-term potential despite activ...

By Katie Greifeld, Sarah Ponczek, Paul Jarvis and Bailey Lipschultz GameStop Corp. soared in premaket trading Thursday as retail investors revived the surge in Reddit-favorite stocks, putting it on pace to reap $7.6 billion in market value over two days. The video-game retailer rose as much as 83% to $168 in New York. Among other favorites of traders populating Reddit forums, AMC Entertainment Inc. advanced 12% premarket after gaining 59% in the first three days of the week, while Koss Corp. surged 78%. Nokia Oyj, also a favorite of the meme crowd, climbed 7.7% in Europe, and BlackBerry Ltd. ...