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Superstonks, Crypto, And Discord: The Age Of "Gamified" Investment

Superstonks, Crypto, And Discord: The Age Of "Gamified" Investment
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

Elon-musk , Entertainment-holdings-inc , Twitter , Facebook , Gamestop , Reddit-revolution , Wall-street , Missing-out , Bring-lack , பொழுதுபோக்கு-ஹோல்டிங்ஸ்-இன்க் , ட்விட்டர் , முகநூல்

AMC Stock Tanks After Company Files To Sell 11 Million Shares

AMC Stock Tanks After Company Files To Sell 11 Million Shares
06/03/21 AT 10:05 AM
AMC Entertainment (AMC) saw its share price drop more than 15% at market open on Thursday after announcing that it planned to sell more than 11.5 million shares on the heels of its stock price spiking more than 20% a day earlier.
AMC stock has been on a roll, reaching a record high of $62.55 on Wednesday and up nearly 140% for the week, CNBC reported. For the quarter, the AMC shares are up 512% alone and 2,850% for the year, the news outlet said.
The overall valuation of the theater company has reached $31 billion, largely the result of the Reddit Revolution that saw non-traditional investors drive up the price on struggling industries like AMC and GameStop.

Adam-aron , Gamestop , Reddit-revolution , Trending , Mc-news , Mc-entertainment-news , Mc-share-price , Hy-is-amc-share-price-down-today , Hy-is-amc-share-price-dropping-today , Mc-sells-11-billion-shares , Mc-meme-stock , Amc-theaters-meme-stock

AMC's Wild Ride Ends Amid Plans To Sell 11 Million Shares

AMC Entertainment's share price dropped more than 15% on Thursday morning after reaching a record high of $62.55 on Wednesday.

Adam-aron , Gamestop , Reddit-revolution , Amcs , Ild , Ide , Nds , Mid , Lans , Ell , 1 , Illion

A cheap UK share to buy in an ISA as economic uncertainty persists!

This low-cost UK share is a great pick for these turbulent times, in my opinion. Here's why I'd buy it in a Stocks and Shares ISA today.

United-kingdom , London , City-of , London-bullion-market-association , Wall-street , Reddit-revolution , Hochschild-mining , ஒன்றுபட்டது-கிஂக்டம் , லண்டன் , நகரம்-ஆஃப் , லண்டன்-பொன்-சந்தை-சங்கம்

House Schedules Hearing in Wake of GameStop Volatility (VIDEO)

February 3, 2021
Lawmakers to look into 'who wins and loses when short sellers, social media, and retail investors collide.'
SHOW TRANSCRIPT
The GameStop trading frenzy quickly captured the world’s attention, and theories abound as to what exactly led to this moment. But it’s still not clear how the Reddit Revolution is going to end.
"The whole thing started because somebody disagreed with the sell-side research and 'prevailing wisdom,'" said Mark Abssy, head of indexing at Tematica Research.
Days after the short squeeze took off, the founder of Citron Research announced his firm would stop publishing research on companies it believes are overvalued. In the same way you can make money when a stock goes up, you can profit when a stock goes down — also known as short selling.

Dallas , Texas , United-states , Mark-abssy , Lenore-hawkins , Andrew-left , Keith-gill , Exchange-commission , House-financial-services-committee , Bed-bath-beyond , Tematica-research , Citron-research

Market Jenga

Market Jenga
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Germany , Ireland , United-kingdom , Dublin , Brussels , Bruxelles-capitale , Belgium , France , Blackrock , United-kingdom-general , Germans , French

History Re-Runs

History Reruns
Today’s foundational texts are the famous Marx quote about history repeating itself first as tragedy and then as farce, and Santayana’s axiom that those who forget the past are doomed to repeat it.
• On the first, we have the ever-farcical liberals going from stepping on rakes to stepping on land mines. Or in this case, Vice President Kamala Harris telling the people of West Virginia that they need to clean up the “abandoned land mines” in the state. Somebody alert the estate of Princess Diana, who made abandoned land mines her global social cause.
It’s actually even worse than this, as Harris made her comments in an appearance in West Virginia that appears to have been, as

White-house , District-of-columbia , United-states , West-virginia , Nelson-bunker-hunt , Rahmbo-emanuel , Joe-manchin , Daniel-patrick-moynihan , Kamala-harris , Clinton-administration , Vice-president-kamala-harris , Princess-diana

The Week Ahead: The Reddit Threat

We have a big week for data, including both ISM reports and a focus on employment. Investors thirst for more data about the strength of the economic rebound. We are also in the heart of earnings season, worried about vaccines, and wondering if Washington will provide more help.
Despite this jam-packed agenda the financial media highlight a story that is much more fun. Someday our focus can return to data and earnings. For now, many are worried, asking:
How will the Reddit Rebellion affect my investments?
Please share this article - Go to very top of page, right hand side, for social media buttons.

Washington , United-states , Jim-cramer , Steve-sosnick , Jeff-miller , Juan-luque , Jill-mislinski , Brian-gilmartin , Facebook , Reddit-rebellion , Indicator-snapshot , Quant-corner

Farage: GameStop Rebellion the Populist Successor to Trump and Brexit

30 Jan 2021
Nigel Farage has hailed the GameStop rebellion as the natural successor to the populist movement which carried Brexit and Donald Trump to victory in 2016.
The Reform UK party leader said he is “with the ordinary traders” in the so-called Reddit Revolution, in which millions of small-time investors have collectively taken on giant hedge funds through buying heavily shorted stocks such as Gamestop and AMC — causing massive losses on Wall Street.
Mr Farage said that it was “about time Wall Street got a bloody nose” after the damage the financial sector inflicted upon ordinary people during the 2008 economic collapse, when banks were bailed out at the expense of the public.

Alexandria , Al-iskandariyah , Egypt , United-kingdom , White-house , District-of-columbia , United-states , Nigel-farage , Timothy-burke , Janet-yellen , Donald-trump , Joe-biden

Barstool's Portnoy Shreds Wall Street Elite: Someone Needs to go to Jail by Matt Vespa

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Source: AP Photo/Richard Drew
Barstool Sport’s Dave Portnoy is infuriated by what happened yesterday. The market opened and for some reason, multiple trading apps, like RobinHood, just shut off the ability for users to buy securities that were targeted by the crew on WallStreetBets on Reddit. You could sell, but that’s playing into the hands of the very people who were losing their shirts over this populist surge in trading. Yes, the little guys on Reddit took on the billionaire hedge funds and won. The losses were in the billions. It all started with GameStop. The elite wanted the stock to drop. The Reddit Revolution went big on it—and drove the stock up to insane heights. Nokia, American Airlines, Blackberry, AMC Theaters, and other stocks were also targeted to see things spike in their foreseeable futures. Is this market manipulation? Sure, but the elite has been doing this for years. Now, the little guy is making some scratch in the market—and it’s a total scandal.

United-states , Alexandria , Al-iskandariyah , Egypt , American , Dave-portnoy , Holden-drewholden , Tucker-carlson , American-airlines , Nokia , Gamestop , Barstool-sport