Yahoo Web Search

Search results

1. • • No evidence showing GameStop is a scam...yet As of now, there’s no real concrete ruling that GameStop is a classic case of a pump and dump scam.
     Reference:

     GameStop now called a ‘pump and dump’ scheme ... - CNBC

2. People also ask

   Is GameStop a scam?

   • It’s a scam central to the stock trading system, enabled by the Securities and Exchange Commission, the market regulator. At the House hearing, Rep. Nydia Velazquez (D-NY) asked about the dangers of short selling. “GME [GameStop] sold short 140 percent. Why isn’t that manipulation?”

   The GameStop Mess Exposes the Naked Short Selling Scam

   prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/

   See all results for this question

   Why did GameStop sell short 140 percent?

   • “GME [GameStop] sold short 140 percent. Why isn’t that manipulation?” She meant that short sellers sold 40 percent more shares in GameStop than existed. They were phantom shares that didn’t exist but that were posted in buyers’ accounts as “entitlements.” The buyers have no idea they don’t have real shares.

   The GameStop Mess Exposes the Naked Short Selling Scam

   prospect.org/power/gamestop-mess-exposes-the-naked-short-selling-scam/

   See all results for this question

   What happened to GameStop's stock?

   • This brought disaster upon a handful of hedge funds that had bet on GameStop’s stock to drop. According to Markets Insider, one analyst estimated losses in February of roughly $19 billion. The hedge fund Melvin Capital reportedly closed out its position after taking a drubbing of 51 percent. Another fund, Maplelane, lost 40 percent.

   How the GameStop Hustle Worked - The American Prospect

   prospect.org/power/how-the-gamestop-hustle-worked/

   See all results for this question

   Does GameStop have a short interest?

   • However, GameStop did have more than 100 percent short interest, including 140 percent in January, which means more shares were reported as being short sold than all the shares that should be available to trade.

   How the GameStop Hustle Worked - The American Prospect

   prospect.org/power/how-the-gamestop-hustle-worked/

   See all results for this question

3. www.cnbc.com › 2021/01/28 › gamestop-now-called-aGameStop now called a ‘pump and dump’ scheme ... - CNBC

   www.cnbc.com › 2021/01/28 › gamestop-now-called-a

   Jan 28, 2021 · No evidence showing GameStop is a scam...yet. As of now, there’s no real concrete ruling that GameStop is a classic case of a pump and dump scam.

   • Author: Megan Leonhardt

4. prospect.org › power › gamestop-mess-exposes-theThe GameStop Mess Exposes the Naked Short Selling Scam

   prospect.org › power › gamestop-mess-exposes-the

   • Cached

   Feb 25, 2021 · It’s a scam central to the stock trading system, enabled by the Securities and Exchange Commission, the market regulator. At the House hearing, Rep. Nydia Velazquez (D-NY) asked about the dangers of short selling. “GME [GameStop] sold short 140 percent. Why isn’t that manipulation?”

   • Author: Lucy Komisar

5. Videos

   • 

     20:49

     youtube.com

     Did I get SCAMMED by GameStop?

     Oct 22, 2023

     654.3K Views

   • 

     0:33

     youtube.com

     Is GameStop Scamming You?

     Oct 16, 2023

     1.4M Views

   • 

     12:44

     youtube.com

     10 Gamestop MISTAKES They Want You To Forget

     Nov 3, 2020

     541.9K Views

   View all

6. www.reddit.com › r › GameStopPlease explain these scams : r/GameStop - Reddit

   www.reddit.com › r › GameStop

   • Cached

   1st scenario: Item was most likely stolen if he’s trying to get rid of a BRAND NEW SEALED PS5 for a price that GameStop offers for it. 2nd: Fake receipts are a HUGE thing in the NYC area.

7. www.esquire.com › news-politics › a35339535'Dumb Money' GameStop True Story: How Reddit Traders ...

   www.esquire.com › news-politics › a35339535

   • Cached

   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...

8. prospect.org › power › how-the-gamestop-hustle-workedHow the GameStop Hustle Worked - The American Prospect

   prospect.org › power › how-the-gamestop-hustle-worked

   • Cached

   Jun 22, 2021 · That promise is often fake. A broker handling several sellers will borrow synthetic or manufactured shares, or “locate” the same stocks for multiple shorts. Traders and brokers have been mildly sanctioned for this scam. Sellers are supposed to send shares to buyers within two days.

   • Author: Lucy Komisar

   • 
   • 
   • 
   • 

9. www.reddit.com › r › GameStopr/GameStop on Reddit: Received this email this morning. Can ...

   www.reddit.com › r › GameStop

   • Cached

   We cannot do any order lookups, check trade values, check stock levels, or process any returns. We are not officially endorsed by nor affiliated with Gamestop. For eventual assistance, please call Gamestop at (800)883-8895. Received this email this morning.

10. kotaku.com › gamestop-gme-meme-stock-steam-giftThe Steam Card Scams Keeping GameStop Employees Up At Night

    kotaku.com › gamestop-gme-meme-stock-steam-gift

    Mar 30, 2023 · One current GameStop employee remembered a woman who came in asking for $400 in Steam cards. When pressed, she said her friend emailed saying they were on vacation and had run out of money. The...