that home prices fell in february for the first time in as you said, 11 years, so more than a decade, as lower mortgage rates boosted home sales in the month of february. so it is still too early to read too much into these numbers, but it is interesting that you re starting to see prices come down as the impact of the fed s rate hikes take effect. juliana, it s been a few months since you and i have had to talk about a meme stock. we re back. shares of gamestop surged more than 40% after the video game retailer posted a quarterly profit for the first time in two years. what s going on here? this is a name we haven t said in a while. but the retailer has been essentially cutting costs. game stop said they ve got even more plans in the works this year to cut back on excess costs, including in the european market. it s hard to say where the
monday morning rolls aroundand my friend, theo, he messaged me like,hey, man, i don t think gamestop isgoing to do anything more. i don t think anything sgoing to hire. i m just going to sell.i was like, don t sell, dude. you re an idiot.like don t sell. what the hell is wrongwith you? and he sold. literally, 10 minutes later,it starts going. reporter: stock for gamestopis up dramatically. reporter: it s been justswinging wildly. alvan chow:the week of the squeeze, i was describing itto my girlfriend as like i m in the nba finalsright now. i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i m feeling cute,you know. then i mwatching the numbers and it just keeps,and i m like, huh. maybe this is something. reporter: gamestop is knownas the world s largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares ha
the week of the squeeze, i was describing it to my girlfriend as i m in the nba finals, i need to be on all cylinders. this is like when i have to execute, it s probably the most important week of my life. i got my stimulus, so i started throwing my stimulus and it, and i m feeling cute. then i m watching the numbers, and they keep going up. and i m like, yeah, maybe this is something. gamestop is known as the world s largest video game retailer. the stock is now the center of a david versus goliath story. shares driven by post on the form, wallstreetbets. my wife and i are driving to meet our realtor, and gamestop is moving. there are potentially billions of dollars in investor dollars, on the line here. we re supposed to be looking at houses, and i m like, i can t look at houses, i m standing my phone she s like this in this, and i m like that s great. this is a great house, let s
i was describing itto my girlfriend as like i m in the nba finalsright now. i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i m feeling cute,you know. then i mwatching the numbers and it just keeps,and i m like, huh. maybe this is something. reporter: gamestop is knownas the world s largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared, driven by posts on thereddit forum wallstreetbets. matt kelly:my wife and i are drivingto meet our realtor, and gamestop is moving. reporter:there are potentially billions of dollars of investor dollarson the line here. matt kelly: we re supposed tobe looking at houses, and i m like,i can t look at i m staring at my phone.she s looking at she s like, oh this is nice. i m like staring.i m like, oh, that s great. this is a great house.let s just get this
i have to belike on all cylinders. like when i have to execute is probably the mostimportant week of my life. - i got my stimulus. [laughs] so i started throwingmy stimulus in it, and i m feeling cute,you know. then i mwatching the numbers and it just keeps,and i m like, huh. maybe this is something. reporter: gamestop is knownas the world s largest video game retailer. reporter:the stock is now at the center of a davidversus goliath story. shares have soared, driven by posts on thereddit forum wallstreetbets. matt kelly:my wife and i are drivingto meet our realtor, and gamestop is moving. reporter:there are potentially billions of dollars of investor dollarson the line here. matt kelly: we re supposed tobe looking at houses, and i m like,i can t look at i m staring at my phone.she s looking at she s like, oh this is nice. i m like staring.i m like, oh, that s great. this is a great house.let s just get this one. reporter: the company surgedas much as 145% today.