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Exclusive: How GameStop missed out on capitalizing on the Reddit rally

U.S. video game retailer GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar with the matter.

Why GameStop failed to capitalize on the Reddit rally

Exclusive-How GameStop missed out on capitalizing on the Reddit rally

U.S. video game retailer GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar with the matter.

How GameStop missed out on capitalizing on the Reddit rally

International Business News: GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of r

The GameStop stock craze is about a populist uprising against Wall Street But it s more complicated than that

The GameStop stock craze is about a populist uprising against Wall Street. But it’s more complicated than that. David J. Lynch © Olivier Douliery/AFP/Getty Images (Photo by OLIVIER DOULIERY/AFP via Getty Images) The three-page letter arrived at GameStop’s Texas headquarters 18 months before the company unexpectedly emerged as the hottest stock on Wall Street and the latest symbol of a widening populist revolt against entrenched elites. Michael Burry, an investor known as the architect of “The Big Short,” a legendary bet against the subprime mortgage securities that triggered the 2008 financial crisis, wrote the company’s board of directors in July 2019, demanding they take immediate action to reverse an accelerating decline.

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