Tag: Hobby/Toy/Game Stores

Bitcoin, GameStop and NIO bets turned this flight attendant into a millionaire: Now he’s wagering it all in one final push to $3 million

Don’t invest like Andrew Dawood — you may never be as lucky. The Egyptian-born resident of Dubai turned roughly $50,000 in savings into $1.7 million on a series of white-knuckle bets on bitcoin BTCUSD, -4.42%, Chinese electric-vehicle maker NIO NIO, -0.75%, and videogame-retailer GameStop Corp. GME, -12.64% over a four-year period, he told MarketWatch in […]

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GameStop stock swings lower after earnings

GameStop Corp. stock sank in the extended session Tuesday as the videogame retailer at the center of the so-called meme-stock phenomenon said it had laid the groundwork for its “transformation” and reported lower-than-expected adjusted fourth-quarter earnings and sales. GameStop GME, -6.55% shares initially rose by more than 8% after the report, but sank soon after, […]

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Reddit CEO: WallStreetBets ‘exposed a gap’ between financial insiders and outsiders

Reddit Inc. Chief Executive Steve Huffman on Sunday reiterated his praise for the r/WallStreetBets forum that sent Wall Street “meme stocks” reeling in recent weeks — though he said he doesn’t get his own financial advice there. At a congressional hearing last week, Huffman said he was proud of Reddit’s role in the frenzy that […]

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Robinhood lifts trading restrictions on GameStop, AMC stock

Online trading platform Robinhood removed trading restrictions on shares of GameStop Corp. and AMC Entertainment Inc. late Thursday. “There are currently no temporary limits to increasing your positions,” Robinhood’s website said Thursday night. Last week, Robinhood sparked fury — and lawsuits — from some users by restricting trading of 50 highly volatile stocks that were heavily shorted. That list […]

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