{"id":74558,"date":"2021-02-10T08:47:55","date_gmt":"2021-02-10T08:47:55","guid":{"rendered":"https:\/\/www.whatfontis.com\/blog\/?p=74558"},"modified":"2021-02-12T16:56:15","modified_gmt":"2021-02-12T16:56:15","slug":"everything-you-need-to-know-about-gamestop-saga","status":"publish","type":"post","link":"https:\/\/www.whatfontis.com\/blog\/everything-you-need-to-know-about-gamestop-saga\/","title":{"rendered":"Everything You Need To Know About GameStop Saga"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In this article, you will find out everything you need to know about GameStop saga. For sure you\u2019ve seen in the media lots of articles about this.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.whatfontis.com\/blog\/wp-content\/uploads\/2021\/02\/overwatch-1610865_1920-1024x683.jpg\" alt=\"Everything You Need To Know About GameStop Saga \" class=\"wp-image-74559\" srcset=\"https:\/\/www.whatfontis.com\/blog\/wp-content\/uploads\/2021\/02\/overwatch-1610865_1920-1024x683.jpg 1024w, https:\/\/www.whatfontis.com\/blog\/wp-content\/uploads\/2021\/02\/overwatch-1610865_1920-300x200.jpg 300w, https:\/\/www.whatfontis.com\/blog\/wp-content\/uploads\/2021\/02\/overwatch-1610865_1920-768x512.jpg 768w, https:\/\/www.whatfontis.com\/blog\/wp-content\/uploads\/2021\/02\/overwatch-1610865_1920-1536x1024.jpg 1536w, https:\/\/www.whatfontis.com\/blog\/wp-content\/uploads\/2021\/02\/overwatch-1610865_1920-770x513.jpg 770w, https:\/\/www.whatfontis.com\/blog\/wp-content\/uploads\/2021\/02\/overwatch-1610865_1920.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Everything You Need To Know About GameStop Saga<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">WallStreetBets is a group of 8 million simple investors on Reddit. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They made lots of trades pushing stock prices up to Mars and beyond. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this group, simple investors exchange tips and follow together different strategies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some of these companies are BlackBerry (its shares went up nearly 280 percent), and AMC (shares gone up in the sky &#8211; +840%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And of course, GameStop followed, getting under WallStreetBets loupe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While hedge funds had been shorting GameStop\u2019s shares, betting that its stock will further decline, WallStreetBets investors pushed the other way, buying shares and stock options.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In consequence, GameStop&#8217;s market value increased to over $24 billion from $2 billion in a matter of days. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Its shares have risen over 1,700 percent since December.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And with this huge increase, lots of people made incredible money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Who is GameStop?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFortune 500 company headquartered in Grapevine, Texas, is a digital-first omni-channel retailer, offering games and entertainment products in its over 5,000 stores and comprehensive e-Commerce properties across 10 countries. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">GameStop, through its family of brands, offers the best selection of new and pre-owned video gaming consoles, accessories and video game titles, in both physical and digital formats.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company also offers fans a wide variety of POP! vinyl figures, collectibles, board games and more. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Through GameStop\u2019s unique buy-sell-trade program, gamers can trade in video game consoles, games, and accessories, as well as consumer electronics for cash or in-store credit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company&#8217;s global family of brands include GameStop, EB Games, Micromania, ThinkGeek, and Game Informer\u00ae magazine.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Who is WallStreetBets?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.reddit.com\/r\/wallstreetbets\/\" target=\"_blank\" rel=\"noreferrer noopener\">WallStreeetBets<\/a> is a page on Reddit.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is dedicated to a group of investors that invest aggressively, taking more risk than the other people. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Many investors got back serious money out of their investments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jaime Rogozinski created the page as an alternative to other forums where people considered his investment ideas too aggressive or risky.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The group has now over 8 million investors and tons of new people join each day, especially now after the media writes each day about them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They exchange tips and work together for solutions to beat \u201cthe system\u201d. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analysts and media people described the situation as a \u201cnerds vs Wall Street\u201d battle and they were right.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What do we know about Jaime Rogozinki, the founder of WallStreetBets?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">He was raised in Mexico and then educated in America.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Jaime studied economics and electrical engineering at the University of Illinois.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He graduated in 2005 and he founded a startup that offered IT support. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After that, Jaime took a job at the Inter-American Development Bank, a major source of funding for Latin America in Washington, D.C.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2021 was the starting point for his stock market appetite.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He says about 2012 that it was \u201ca moment in life where I was taking a strong interest in the stock market. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And I was looking for a place to share aggressive trading ideas. And I hadn&#8217;t found a community that fostered that type of conversation.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because of that, he decided to start his own Reddit, and he launched WallStreetBets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Things get interesting<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In a very short period of time, WallStreetBets hit 8 million members and it became a popular place.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because he got so popular, Rogozinski launched a book named &#8211; <em>WallStreetBets: How Boomers Made the World\u2019s Biggest Casino for Millennials<\/em>.<em> <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>The book is sold on Amazon for $13.99 paperback and $10.70 Kindle version. It has over 4 stars reviews on Amazon and it seems that the public loves his book.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And things get even better for him.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">RatPac Entertainment paid Rogozinski a low 6-figures sum to make a movie about his story.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you haven\u2019t heard about this company, they are huge.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They co-financed 81 theatrically released motion pictures exceeding $17 billion in worldwide box office receipts. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nominated for tons of prizes, RatPac&#8217;s co-financed movies are among the best.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Rogozinski\u2019s story is in extremely good hands, and I bet that a great movie will be created.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After the movie, the story will move on to podcasts and other mediums.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusions<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">No one knows how the GameStop saga will end.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Which will be the next companies on the WallStreetBets radar? Share your opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this article, you will find out everything you need to know about GameStop saga. For sure you\u2019ve seen in the media lots of articles about this.<\/p>\n","protected":false},"author":4,"featured_media":74559,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[677,678],"class_list":["post-74558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-gamestop","tag-wallstreetbets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Everything You Need To Know About GameStop Saga<\/title>\n<meta name=\"description\" content=\"In this article, you will find out everything you need to know about GameStop saga. 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