Kurskapriolen: Was ist die GameStop-Aktie nach dem Short Squeeze noch wert? msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
The Atlantic
The Atlantic
As of January 10, nine brokerages had set the one-year target stock price for GameStop at about $10.
But that’s not where it would stay at least for a while. It climbed in price because a subreddit, r/WallStreetBets, engineered a short squeeze.
That kicked off a wild ride, revealing many things not just about how digital technologies are transforming our world, but also about how they are not. It was yet another stark demonstration that technology is not
simply a tool neutral on all possible outcomes, good or bad but something more dynamic, messy and complicated. It’s a complex system where the workings of both the technology and our society, and crucially, how they interact with each other matter greatly.
The Short Squeeze: Business blues in lockdown 3 0 onenewspage.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from onenewspage.com Daily Mail and Mail on Sunday newspapers.
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GameStop, the American video game retailer, became the unexpected target for collective investor rebellion in recent weeks. In short, large institutional investors and hedge funds in recent months and years bet against GameStop s share price (known as shorting) in a bid to make a profit.
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Goldman Sachs says Americans have added $1 trillion to money market mutual funds in the pandemic.
That means retail traders influence on the market should only grow in the months ahead.
Goldman says that money could continue to blow up big short bets, just like it did with GameStop.
The GameStop short squeeze and stock bonanza might have felt like a once-a-decade or once-in-a-lifetime event, but Goldman Sachs says it could happen again, and soon.
Even if there were many ways the social media-fueled frenzy in GameStop and AMC Networks and Bed Bath & Beyond was unique, many of its most notable ingredients are still there, according to Goldman Sachs. Chief among them are these two: There are a lot of big short bets on the market, and retail investors still have a ton of money.