The GameStop phenomenon has dominated Wall Street after small investors banded together to drive up the sagging stock price of the struggling retailer to make money while also sticking it to hedge funds and other firms that had shorted the stock, essentially betting on it to fail.
Nina Carr gifted her son 10 shares of GameStop in 2019 as a Kwanzaa present when it was worth about $6 a share, a story first reported by MySanAntonio.com. I know this kid loves video games, and at the time I was teaching him financial literacy, she told TODAY. She was saying that I basically owned a small portion of the company, Jaydyn said.