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.
MINNEAPOLIS After making thousands off GameStop stock last week, a 20-year-old college student used his newfound riches to pay it forward to a local children s hospital.
Hunter Kahn, a mechanical engineering student at Cornell University, donated multiple Nintendo Switch consoles and games to Children s Minnesota Hospital in Minneapolis after cashing out almost $30,000 in GameStop stock last Wednesday, he told CNN.
GameStop shares have jumped 1,625% in the past month. The soaring percentages are mostly due to a group of investors on Reddit, who are buying the stock in a movement to hurt short sellers and hedge funds that bet on the stock to go down.