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GameStop
Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
February 11, 2021
The band of amateur day traders that interact with each other on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. Big investors, often in the form of hedge funds, frequently bet against struggling public companies using a process referred to as “shorting,” which allows investors to bet on the degree of misfortune a stock may experience and earn billions of dollars in profits as a result. ... read more »
Downey Man Sentenced to 10 Years in Federal Prison for Spree of GameStop Store Armed Robberies in L.A. and Orange Counties
February 4, 2020
A Downey man was sentenced today to 120 months in federal prison for committing four armed robberies of GameStop video game stores in Los Angeles and Orange counties that resulted in the theft of more than $132,000 in merchandise and cash. ... read more »
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