The GameStop stocks: It s all everyone s been talking about lately.
After a number of hedge funds bet against the GameStop stock, which seemed to be going the way of Blockbuster and many other rental retailers, a Reddit forum named r/wallstreetbets encouraged members of its community to purchase stock in the company. Those that did helped cause a squeeze in the market, costing hedge funds huge and putting large sums of cash into investors pockets.
While many of those who purchased GameStop stocks have held onto their shares, a Cornell University student who invested put some of his winnings toward a very good cause: making kids smile.
Michael M Santiago/Getty Images
You ve probably heard about the amateur investors from the Reddit forum Wall Street Bets . For the last several days, they ve been raising holy hell with wealthy hedge funds. How, you may ask? Pretty much by beating them at their own game.
A 20 year old engineering student from Stillwater, Hunter Kahn, was lucky enough to cash in big on the GameStop stock manipulation. Hunter used some of his earnings to buy 6 Nintendo Switch consoles and games to the Children s Minnesota Hospital in Minneapolis.
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“I love video games. I know it would be terrible being a kid in a hospital with like no joy helping them through.” said Kahn. “A lot of people are saying that this is somewhat like a transfer of power, but if the money’s going from here just to the other side, there’s no difference if we just are acting the same way as the people that we’re criticizing,” Kahn said. “It’s important t
Feb 3, 2021
After making thousands off GameStop stock last week, a college student is using his new fortune to help others.
Hunter Kahn, a 20-year-old mechanical engineering student at Cornell University, cashed out nearly $30-thousand in GameStop stock! Then he went to GameStop and spent 2 thousand of it buying video game systems for Children’s Minnesota Hospital in Minneapolis.
Kahn’s donations include: six Nintendo Switch Lites, multiple games and gift cards, as well as screen protectors and cases.
Kahn says using the money to help kids at the hospital felt better than making the money and he encourages others who have profited to be generous as well. “As a beneficiary of the recent events on Wall Street I think it is important that myself and others pay forward our good fortune,” he writes in an Instagram post.
College student uses GameStop stock earnings to donate Nintendo Switches, games to childrenâs hospital
By Catherine Park
College student donates toys to childrens hospital after GameStop gains
A college student donated Nintendo Switches and games to Childrens Minnesota Hospital after making money from his GameStop stocks.
MINNEAPOLIS - A college student donated Nintendo Switches and games to Children’s Minnesota Hospital after making money from his GameStop stocks.
Children’s Minnesota received a special gift from Hunter Kahn, a 20-year-old mechanical engineering student attending Cornell University.
Kahn posted to his Instagram account saying that after being a beneficiary of the recent events on Wall Street, he felt it was important to pay his good fortune forward.