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Chairman Ryan Cohen snapped up 100,000 more shares in GameStop, boosting his holding to 11.9%. Michael M. Santiago/Getty Images Text size GameStop stock has been on an absolute tear over the past seve...

Finance

Opinion: GameStop shares soar 30% and take other meme stocks on a ride, after Reddit poster touts shares at a ‘58.2%’ discount

03/23/2022

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The thing about meme stocks is that sometimes they move like meme stocks. Shares of GameStop GME, +14.50% and AMC Entertainment AMC, +13.58% rocketed upward Tuesday, helping to create a draft for rela...

Finance

AMC Stock Rises After GameStop Earnings. What It Says About the Meme Trade.

03/19/2022

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Text size Meme stock GameStop posted a surprise quarterly loss. Michael M. Santiago/Getty Images A number of familiar “meme” stocks were on the move Friday after GameStop —the most popular meme stock ...

Finance

GameStop Earnings Are Today. Don’t Expect to Learn Much About Its New Strategy.

03/17/2022

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Text size Wall Street analysts expect GameStop to report fourth-quarter sales of $2.16 billion Michael M. Santiago/Getty Images GameStop is set to report fiscal fourth-quarter earnings after the marke...

Finance

Chewy Co-Founder Ryan Cohen Takes Large Stake in Bed Bath & Beyond, Pushes for Changes

03/06/2022

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Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., CHWY 2.91% has a big stake in Bed Bath & Beyond Inc. BBBY -3.40% and is pushing the housewares retailer to stream...

Finance

Hasbro activist wants toy company to spin-off Wizards of the Coast

02/16/2022

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An activist investor wants to add new members to Hasbro’s board and is urging the toy company to make changes to its current business strategy, including spinning off its lucrative Wizards of th...

Finance

How Much Is Trump’s New Social-Media Company Worth? Traders Can’t Decide

02/08/2022

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Traders are struggling to place a consistent value on Donald Trump’s new social-media venture, a business that hasn’t offered much in the way of details but one that supporters think is destined to ta...

Crypto

Crypto reward platform launches token for toy brand, MGA

02/05/2022

Bitcoin Ethereum News

TL;DR Breakdown Cultos, crypto platform partners MGA to reward fans. MGA using crypto to further benefit fans. Leading crypto rewards platform Cultos has announced a new partnership with MGA Entertain...

Finance

The party’s over for AMC and GameStop investors — but the luckier meme-stock winners are now bracing for a massive tax bill

02/03/2022

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When Jason Gutierrez kept refreshing GameStop’s performance between work tasks during the wild, early days of 2021, he admits future tax obligations weren’t his No. 1 priority. “It was in the back of ...

Finance

Who Really Got Rich From the GameStop Revolution?

01/30/2022

Bitcoin Ethereum News

When Reddit became the rowdy center of the investing universe last January, its co-founder Alexis Ohanian called the frenzy a “revolution” and a “chance for Joe and Jane America, the retail buyers of ...

Finance

Hedge Fund Melvin Lost $6.8 Billion in a Month. Winning It Back Is Taking a Lot Longer.

01/29/2022

Bitcoin Ethereum News

Gabe Plotkin wasn’t sleeping. His bets against meme stocks such as GameStop Corp. GME 4.69% were backfiring, and losses at his $12.5 billion hedge fund were mounting. Strangers angry about his wagers ...

Finance

Opinion: On the 1-year anniversary of the big short squeeze, GameStop bulls tried to relive their first attack, and that’s the problem

01/21/2022

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It has been one year since retail traders began their unprecedented move on GameStop stock GME, +3.59%, sending the price soaring and short sellers scattering, creating both a Wall Street panic and th...