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Feb 8, 2021 · The GameStop stock saga rose into a kind of social movement, carried in large part by emotions that are still raw from the 2008 financial crisis. ARI SHAPIRO, HOST: Anger from the Great Recession ...
- Kat Lonsdorf
In January 2021, a short squeeze of the stock of the American video game retailer GameStop and other securities took place, causing major financial consequences for certain hedge funds and large losses for short sellers. Approximately 140 percent of GameStop's public float had been sold short, and the rush to buy shares to cover those positions ...
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Sep 15, 2023 · GameStop Is Proof That 'The Market' Is a Casino. Hedge fund Melvin Capital needed a $2.75 billion bailout on Monday after the stock price for GameStop, the video game retailer, spiked to more than ...
Feb 1, 2021 · GME. Many of the investors driving the extraordinary rally in GameStop ( GME) and a handful of other shares cite the 2008 financial crash as motivation. But by going after hedge funds and short ...
May 25, 2022 · The stock market crash of 2008 occurred on September 29, 2008. The Dow Jones Industrial Average fell by 777.68 points in intraday trading. Until the stock market crash of March 2020 at the start of the COVID-19 pandemic, it was the largest point drop in history.
- Kimberly Amadeo
Feb 13, 2021 · Jan. 22, 2021: GameStop surges 50%. As the tug-of-war between the everyday investors and hedge funds heated up and support grew for GameStop on r/wallstreetbets, the stock skyrocketed more than 50 ...
Sep 14, 2018 · A series of bankruptcies and mergers followed as skittish investors, seeking safe harbor, pulled their money out of supposedly high-return vehicles. Their preferred shelter: the U.S. treasury ...
