GAMESTOP Stock soaring🔥 in 2021 a Reddit traders the catalyst

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Join our discord to chat/talk or get more insights: / discord • ⏱ Timestamps: • 00:00 Intro • 00:45 What is Gamestop? • 01:12 REDDIT The catalyst • 01:44 What actually happen • 02:20 Gamestop Reddit link • 02:44 Is Elon Musk A Catalyst • 02:59 Why What for? • 03:27 Trading platform • 03:47 Beyoundtoday GAMESTOPSTOCK SOAR • #Gamestop #Reddit #Elonmusk • GAMESTOP: Stock soaring in 2021, a Reddit traders, the catalyst? • ⚠️DON'T CLICK THIS: https://bit.ly/2ZxCPCv • The talk of the wall street these days does not only remain within the financial world or in the market but are influenced by the social media its platforms. One tweet from popular influencer could change the trend of company stocks. Probably, these days the only words which are going around in the social media, chat platforms Or trending on the Google search are GameStop , Reddit . • • Along with the keywords running around the table of discussion, the speculations are also building in parallel. • So what is behind the GameStop stocks soaring? • First lets get the basis sorted • • What is GameStop? • GameStop is an American high street shop that sells games, consoles and other electronics. The sort of thing you'd find between a doughnut shop and a makeup retailer in an American mall. It's not anything new and exciting, in fact it wasn't doing very well because of the pandemic. • The company stocks remained stable in the starting of its time with their fundamental right however the catalyst played a significant role in soaring the stocks. • What is with Reddit to do with GameStop? • Bit about Reddit, It’s a social media platform – kind of like Twitter and Facebook, a forum based platform where You join forums about particular topics you're interested in and make your point of opinion. You get the vote up/down based on your opinion. The more upvotes the better the ranking on the forum The one that's important in this story is called wallstreetbets. More than four million people are in it, usually discussing stocks and shares and where they're going to invest money. • • What actually happened? • • As said the fundamentals of the company were right and stocks were not in rise, GameStop wasn't exactly thriving. With fewer people out shopping due to the pandemic and most games being sold online, things weren't looking great for the company. • • People and Hedge fund companies who buy and sell stocks often bet on which companies won't do well in the future. They borrow shares in the company and sell them, with a promise to buy them back at a later date. If they're sure that the company will lose value, they'd make a profit when they buy them back after the fallen price. • • GameStop connection with Reddit • • GameStop was one of the company that lot of hedge funds had bet on to lose a lot of value. But huge numbers of people in the wallstreetbets Reddit forum swapped tips and bought shares in GameStop. The demand raised its share price massively, which nobody saw it coming, and everyone who had banked on it dropping in value had to buy their shares back. • • Is Elon Musk’s tweet, a catalyst in all this? • • Papa Musk, he is referred as in the Reddit world, Tweets from him make the financial world tend to take a notice. The one word with the Reddit link made it all to Send GameStop’s price soaring. Reference screen is from Twitter. • • Why and what for? • • For a lot of people who were in forums and in the market it was good read and to pass time. It really brought a new light to see the power of internet communities. The Reddit forum communities called it Insane, Phenomenon. For others, they wanted to make stockbrokers and hedge funds lose money, A payback! And for some it was making money and donating to charity. • • Trading platforms curbed buying of shares in the US games firm • • Most of the popular trading platforms in the USA have curbed these stocks for buying where the investors who hold their position on these stocks are open to make a Sell. The opening of these stocks to sell in these platforms is completely on the decision on the trading platform. • • BeyoundToday the company stocks soaring? • • It totally depends on the time and speculation. The learned, amature or mature investors will continue with their position on what they need to do. We all will come to know, BeYound today! • Background sound: Youtube: Luge Geographer • Images video : pexels • one video image USA Today • Subscribe to : • Beyoundtoday • Youtube: / @beyoundtoday • Twitter: / youndto • Instagram: / beyoundtoday2

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