The GameStop case continues to hold its own: the well-known international retailer has seen its stock fly after an organized group of small investors launched a heavy attack on short sellers, bearish traders who instead bet on the company's decline.
While industry experts continue to argue about the value of the move, judged by some to be revolutionary, by others as a gross impropriety towards large funds, some small investors have seen their fortunes soar. Among these there is also a Texan, who has chosen to use part of the money earned to do some charity. As NBC 5 reports, a man who preferred to remain anonymous bought ten Nintendo Switches from GameStop and gave them to Medical City Children Children's Hospital, located in Fort Worth, Dallas.
The anonymous investor has clearly reported to the newspaper that he "earned a good amount of money through r / WallStreetBets during these amusing exchanges for GME (the share of GameStop, ed)", and then decided to give part of that money to the same chain that gave him 'made money, in a way he called "equally fun". With this move, he also intends to inspire and convince the other small investors of Reddit to do the same, by channeling some of the money earned to charity.
Last Friday, meanwhile, the value of GameStop's shares started to rise again after Thursday's decline caused by the limitations imposed by the Robinhood platform, now removed.
While industry experts continue to argue about the value of the move, judged by some to be revolutionary, by others as a gross impropriety towards large funds, some small investors have seen their fortunes soar. Among these there is also a Texan, who has chosen to use part of the money earned to do some charity. As NBC 5 reports, a man who preferred to remain anonymous bought ten Nintendo Switches from GameStop and gave them to Medical City Children Children's Hospital, located in Fort Worth, Dallas.
The anonymous investor has clearly reported to the newspaper that he "earned a good amount of money through r / WallStreetBets during these amusing exchanges for GME (the share of GameStop, ed)", and then decided to give part of that money to the same chain that gave him 'made money, in a way he called "equally fun". With this move, he also intends to inspire and convince the other small investors of Reddit to do the same, by channeling some of the money earned to charity.
Last Friday, meanwhile, the value of GameStop's shares started to rise again after Thursday's decline caused by the limitations imposed by the Robinhood platform, now removed.