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BENGALURU: The man known as "Roaring Kitty" on social media, whose online posts helped spark January's trading frenzy in GameStop Corp, exercised call options on the stock to acquire 50,000 more shares at a strike price of $12, Bloomberg reported.
Reddit's WallStreetBets forum loosens its "No Cryptocurrency" rules, with its admin admitting that trading of cryptocurrency is here to stay.
SINGAPORE: As soon as retail investor Calvin Froedge heard that a massive container vessel was stuck in the Suez Canal, he pulled his car over to the side of the road, opened up his laptop and started buying shipping stocks.
Microsoft Corp’s latest takeover targets have baffled some analysts and investors who are well aware of the company’s spotty track record in consumer businesses and social media.
Microsoft Corp and Discord Inc hold a great deal of sway with video game fans. As they now hold talks for a potential US$10bil (RM41.27bil) acquisition, a deal would join two companies in pursuit of audiences far beyond gamers.
Juggling homework, friends and his personal YouTube channel, 12-year-old Kwon Joon is often too busy to check on his investments – not that the South Korean schoolboy is too concerned.
Short sellers are circling AirAsia Group Bhd after the stock more than doubled from recent lows.
NEW YORK: GameStop ended 7.3% higher on Wednesday after wild gyrations in the resurgent rally that has vaulted shares of the video game retailer and other so-called meme stocks closer to the peaks of late January.
Given the popular belief that short sellers create unjustified losses in some stocks, why would shareholders want to supply the ammunition for attacks against their investments?