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A person who helped make a certain video game store's stock very popular on the internet made a surprise return to social media. This made the stock prices go up a lot, even though the store wasn't doing particularly well. The person, known as Roaring Kitty, shared a funny picture online. This caused the stock prices for the store, called GameStop, to go up by a lot on Monday. The prices went up so fast that trading had to be stopped a few times to give people a break.
People who bet that GameStop's stock would go down lost a lot of money on Monday. This is because the stock prices went up instead of down. Another company's stock, AMC Entertainment, also went up a lot, along with shares of a website called Reddit and a trading app called Robinhood. Robinhood had stopped people from buying GameStop and AMC stocks during a big excitement about them in 2021, but now their own stock went up.
The funny picture Roaring Kitty shared shows a person sitting with a video game controller. GameStop had shared a similar picture before, but with different colors. Roaring Kitty's picture has red colors instead of blue. The picture is supposed to mean "things are getting serious."
Roaring Kitty, whose real name is Keith Gill, was one of the main people on a website called Reddit that made GameStop's stock very popular. They wanted to make money and make others lose money who bet against GameStop. This made other stocks like AMC Entertainment and Bed Bath & Beyond go up too. These stocks are called "meme stocks" because they're popular online, not because the companies are doing great.
#amc #gme #meme
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A person who helped make a certain video game store's stock very popular on the internet made a surprise return to social media. This made the stock prices go up a lot, even though the store wasn't doing particularly well. The person, known as Roaring Kitty, shared a funny picture online. This caused the stock prices for the store, called GameStop, to go up by a lot on Monday. The prices went up so fast that trading had to be stopped a few times to give people a break.
People who bet that GameStop's stock would go down lost a lot of money on Monday. This is because the stock prices went up instead of down. Another company's stock, AMC Entertainment, also went up a lot, along with shares of a website called Reddit and a trading app called Robinhood. Robinhood had stopped people from buying GameStop and AMC stocks during a big excitement about them in 2021, but now their own stock went up.
The funny picture Roaring Kitty shared shows a person sitting with a video game controller. GameStop had shared a similar picture before, but with different colors. Roaring Kitty's picture has red colors instead of blue. The picture is supposed to mean "things are getting serious."
Roaring Kitty, whose real name is Keith Gill, was one of the main people on a website called Reddit that made GameStop's stock very popular. They wanted to make money and make others lose money who bet against GameStop. This made other stocks like AMC Entertainment and Bed Bath & Beyond go up too. These stocks are called "meme stocks" because they're popular online, not because the companies are doing great.
#amc #gme #meme
--------------------------------------------
Follow Us Or Else Dinosaurs will face Extinction!
✅https://instagram.com/reviewdork_yt
✅https://twitter.com/ReviewDork
Contact: seodorks@gmail.com