So, creators, next time you wonder what social media or little ol’ me can do, remember the story of GameStop, and the subreddit Wall Street Bets. The tale of Gamestonk is testament to the power of social platforms and the communities that call it their home. Mr Musk tweeted 'the bird is freed' and later said 'let. What did all this chatter on social media do? It put the gaming company got a seat on the Big Table. The worlds richest man, Elon Musk, has completed his 44bn (£38.1bn) takeover of Twitter, according to a filing with the US government. We are witnessing the French Revolution of Finance What would you not give to reach a tenth of those numbers! The potential reach of GameStop increased by 3041% in the last week of January. The result? GameStop share price shot through the roof with Wall Street short-sellers losing billions, forcing them into bankruptcy!Īs creators, here are numbers you will understand. In one week, #GameStop garnered 67,465,360 likes on Instagram! Thinking anyone can double-tap? It also gained 2,552,340 comments. We bought Feb $115 calls on $GME this morning. A one-word tweet by Elon Musk helped send shares of troubled video game retailer GameStop to the stratospheric high of 469.42 per share, compared with less than 20 three weeks earlier. The momentum gained so much strength that it jumped to other social media, where more influencers pushed it further and further. The group of SubRedditors used Reddit to generate awareness and then influence people to buy GameStop stock. In the fight of David (read: Wall Street) and Goliath (read: r/wallstreetbets ), the small guys completely crushed the big guy. We mean the everyday people, just like you and I. And we don’t mean the mega-celebrities that populate 1% of it. What we do want to talk about is how GameStonk is proof positive of the power of social media. Or the more creative minds who abound on social media, explaining it all through a sea shanty.Ī GameStop sea shanty. #GameStop #ShortSqueeze, via – a short (no pun intended) summary. We leave the financial mumbo jumbo to the more intelligent heads than us. ME: explain the gamestop thing to me like i'm a little kidĪnd yes, Elon had a lot to do with it (hail the power of a true influencer)! No, no we’re not getting into how the stock GameStop stock flew right out of Earth’s orbit and landed on Mars. Me when people start talking about the stock market and hedge funds /zcWIrifcQu If you live, eat, sleep social media, then you’ve heard of GameStop, Hedge Funds, Shorts and Redditors in January. Design game stonk elon musk gamestop securities on Womens Organic V-Neck T-Shirt in navy + more colours, size S-XXL at Spreadshirt add text & design.
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