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Superstonks, Crypto, And Discord: The Age Of "Gamified" Investment

Superstonks, Crypto, And Discord: The Age Of "Gamified" Investment
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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AMC Stock Tanks After Company Files To Sell 11 Million Shares


AMC Stock Tanks After Company Files To Sell 11 Million Shares
06/03/21 AT 10:05 AM
AMC Entertainment (AMC) saw its share price drop more than 15% at market open on Thursday after announcing that it planned to sell more than 11.5 million shares on the heels of its stock price spiking more than 20% a day earlier.
AMC stock has been on a roll, reaching a record high of $62.55 on Wednesday and up nearly 140% for the week, CNBC reported. For the quarter, the AMC shares are up 512% alone and 2,850% for the year, the news outlet said.
The overall valuation of the theater company has reached $31 billion, largely the result of the Reddit Revolution that saw non-traditional investors drive up the price on struggling industries like AMC and GameStop. ....

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AMC's Wild Ride Ends Amid Plans To Sell 11 Million Shares

AMC Entertainment's share price dropped more than 15% on Thursday morning after reaching a record high of $62.55 on Wednesday. ....

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House Schedules Hearing in Wake of GameStop Volatility (VIDEO)


February 3, 2021
Lawmakers to look into who wins and loses when short sellers, social media, and retail investors collide.
SHOW TRANSCRIPT
The GameStop trading frenzy quickly captured the world’s attention, and theories abound as to what exactly led to this moment. But it’s still not clear how the Reddit Revolution is going to end.
The whole thing started because somebody disagreed with the sell-side research and prevailing wisdom, said Mark Abssy, head of indexing at Tematica Research. 
Days after the short squeeze took off, the founder of Citron Research announced his firm would stop publishing research on companies it believes are overvalued. In the same way you can make money when a stock goes up, you can profit when a stock goes down also known as short selling. ....

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