What Is Going on with GameStop Stock? – IGN Now

IGN published this video item, entitled “What Is Going on with GameStop Stock? – IGN Now” – below is their description.

GameStop stock investors from r/WallStreetBets share why they went in on the stock squeeze and what the attention to the subreddit means for its future.

Reddit stock investors have been behind the rise in GameStop’s share price over the past week. We explain what’s been happening, why you should watch The Big Short and what could happen next.

As the GameStop stock situation continues, there have been several developments. Driven by the activity on GameStop stock, r/WallStreetBets are discussing other potential stocks that could behave similarly. AMC stock, the movie theater chain besieged by COVID-19 has come out as a popular choice along with companies like BlackBerry and Nokia.

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About This Source - IGN

IGN is an American video game and entertainment media website operated by IGN Entertainment Inc., a subsidiary of Ziff Davis, itself wholly owned by j2 Global.

The company is located in San Francisco’s SOMA district and is headed by its former editor-in-chief, Peer Schneider.

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In This Story: GameStop

GameStop (NYSE: GME) is an American video game, consumer electronics, and gaming merchandise retailer. The company is headquartered in Grapevine, Texas, United States, a suburb of Dallas, and operates 5,509 retail stores throughout the United States, Canada, Australia, New Zealand, and Europe as of February 1, 2020.

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In This Story: r/WallStreetBets

r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading.

It has become notable for its role in the GameStop short squeeze that caused losses on short positions in U.S. firms topping US$70 billion in a few days in early 2021.

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