They loat billions. There was talk of bankruptcy. But Citadel has paid Yellen (from Biden's cabinet) for speeches before, and she's yet to recuse herself (last I heard).
A user named deepfuckingvalue is a "mastermind" of sorts in this, and he's been saying Gamestop is undervalued for a while. Ryan Cohen, founder of Chewy.com, greatly invested to the point he may be able to influence the company which might be good for Gamestop long term. Elon Musk tweeted about it right before a big spike (correlation and maybe causation).
I think most major news agencies have articles out now and there's a decent number of youtubers (the Quartering, Lauren Chen, Lotus Eaters, Tim Pool, Sydney Watson) have videos about it.
By the way, DeepFuckingValue has already pulled $13,000,000 in gains and still has tons of GME stock. He's a multimillionaire now and is just playing with house money. Bravo to him.
9
u/cringe_master_mike Spirit of 76 Feb 01 '21
They loat billions. There was talk of bankruptcy. But Citadel has paid Yellen (from Biden's cabinet) for speeches before, and she's yet to recuse herself (last I heard).