Sources: investor interest in Situational Awareness surged after it nearly blew up on leveraged positions; the fund says it's not accepting new capital for now
Also leveraged ETF momentum, GameStop's eBay bid, event contract tick sizes and private equity boyfriends. — Situational Awareness
Sources: GameStop CEO and activist investor Ryan Cohen has grown his Alibaba stake to ~7M shares, worth ~$1B, in recent months, showing his bullishness on China
Wall Street Journal :
GameStop raised ~$2.14B from a share sale program capitalizing on a stock rally fueled by Keith Gill's YouTube return, selling 75M shares for ~$28.49 on average
- Company has raised more than $3 billion over the past month — Stock staged a mid-afternoon rally on Tuesday as volume rose
How GameStop chairman Ryan Cohen abandoned his e-commerce push for the company to refocus on its ~4,400 stores, leading to GameStop's first profit in two years
GameStop has decided to hit the brakes on its eCommerce push to refocus on its 4,400 brick-and-mortar locations. … Tweets: Glenn Gabe / @glenngabe : It's quite the comeback story, and it's a 180 from ...
Meme-stock mania companies, including GameStop and AMC Entertainment, have raised $4.7B since the hype began in January 2021, but failed to boost performance
Financial Times : Tweets: @edgecliffe Tweets: @edgecliffe : “Some bubbles do not really translate themselves into the real economy, but some bubbles do.” @JennHughes13 and I crunch the numbers on how...
GameStop plans to launch an NFT marketplace in 2022, built on the Ethereum-based Immutable X platform, and is creating an “up to $100M” fund for game developers
It hopes a $100 million fund will make developers use it — GameStop plans to launch its own marketplace for non-fungible tokens …
GameStop says revenue rose 25% to $1.28B and net loss narrowed to $66.8M in Q1, as it tries to stage a turnaround partially fueled by a Redditor-led stock rally
Melissa Repko / CNBC : Tweets: @gamestopcorp Tweets: @gamestopcorp : @GameStop welcomes Matt Furlong as CEO and Mike Recupero as CFO. https://news.gamestop.com/... https://twitter.com/...