5 April 2021, 9:12 pm EDT By
GameStop has come in strong for its initial plan of the $1 billion Share Sale Program that would be a merry stock trading opportunity for the public on one of the highly profitable companies of 2021. Now, the video game retail company is cashing in its initial investment for the public and would proceed with its regular trading.
GameStop Cashes In, Setting Up for Share Sale
(Photo : Spencer Platt/Getty Images) NEW YORK, NEW YORK - SEPTEMBER 16: People pass a GameStop store in lower Manhattan on September 16, 2019 in New York City. GameStop has announced that they will be closing between 180 and 200 stores before the end of the fiscal year due to a drop in sales.
Bots hyped GameStop stock on social media, cybersecurity firm reveals
There were thousands of bots that were involved in the promotion of the stocks on various social media platforms.
March 1, 2021 06:50 GMT
A cybersecurity firm discovered that bots hyped GameStop stocks on different social media platforms. These intelligent programs were the ones that promoted the stocks, which led to its quick rise in February.
PiiQ Media, a cybersecurity firm based in Massachusetts revealed to Reuters that social media bots were heavily used in promoting different stocks, among them were GameStop and Dogecoin. The firm examined keyword patterns used like Hold the Line and the stock symbol of GameStop, GME, across profiles and conversations before the controversial fiasco on Jan. 28. The firms said that the bots also promoted other meme stocks through posts on Facebook, Twitter, Instagram and YouTube.
28 February 2021, 9:55 pm EST By
PiiQ Media has recently released a report that claims to have discovered social media bots to play a massive role in the recent GameStop stock market climb, along with other Meme stocks in Reddit s platform. The r/WallStreetBets has been a sensationalized and highly trending stock trading event during the start of 2021, resulting in massive gains for these companies.
(Photo : Photo by Spencer Platt/Getty Images)
NEW YORK, NEW YORK - SEPTEMBER 16: People pass a GameStop store in lower Manhattan on September 16, 2019 in New York City. GameStop has announced that they will be closing between 180 and 200 stores before the end of the fiscal year due to a drop in sales.
RALEIGH, N.C. (WTVD) Friday capped a rough week in the stock market, with the Dow, Nasdaq, and S & P 500 all finishing down on the week. I think this is just a slight, normal pullback. I don t think we re heading into correction territory because if you think about it, the previous couple weeks were very, very strong, especially for the Nasdaq, said Robert Turner, the CEO of Raleigh-based Capitol Financial Solutions.
The swings - both up and down- have become more common. Over the last couple years, the market s been more volatile, as we ve had a lot of world events and of course the pandemic, said Turner.