Bill and Melinda Gates’s divorce was a predictable market phenomenon and bullish for GameStop — allow us to explain

Market Wacth2021-05-05

The end of Bill and Melinda Gates’s marriage is just the first in what will be a slew of billionaire divorces, and it’s all bullish for GameStop’s stockGME,-0.91%. It’s just another Tuesday on retail-...

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Comments

Royce333
2021-05-05
Royce333
What a stretch
octobernine
2021-05-05
octobernine
Haha
BigThumb
2021-05-05
BigThumb
Yah, does affect and sliding down trend [Sad]
- Oddleo:
  [Cry][Cry]
- Royce333:
  Hhahaha
- Ray140101:
  Ok
boon2
2021-05-05
boon2
Congrats... To the wife getting a good fortune
Kelyn
2021-05-05
Kelyn
good read
Class87low
2021-05-05
Class87low
Okay

Leave a comment

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Tricks like that. At least that’s what I would do.”\nWhile the comment did not receive much attention on March 11, it blew up late Monday after news of the Gates’s split dropped, and users clamored to give Jobom3 credit for seeing the bombshell coming.\n“WHAT ELSE DOES THE PROPHIT KNOW” replied one user late Monday night.\n“Bill Gates and Melinda Gates is just a start???” posited another.\n“My man got all the infinity stones,” added another.\nThose comments quickly turned into a bull case for GameStop’s value, with users coalescing around the theory that that Bill Gates’s getting unhitched is a huge data point in support of Jobom3’s thesis that at least some wealthy short sellers of GameStop are fighting the short squeeze as a cover to protect their assets from the possibility of a market implosion that will lead to an army of greedy future ex-spouses.\nRickety markets have historically been bad indicators for hedge-fund managers, and seeing two of the wealthiest men in the world, Gates and Jeff Bezos, announcing the ends of long marriages in less than two years’ time can be interpreted by the willing as a trend that is still kicking up steam.\nBut while tying the coming joy of white-shoe divorce lawyers to GameStop’s performance might seem difficult, it was easier than it might appear to GameStop’s Reddit army.\n“Maybe not directly to GME,” mused one user “But [Bill Gates] probably has money tied up in hedge funds and other investments that are going down when they all get liquidated and the market crashes.”\nGates does invest the majority of his family wealth through Cascade Investment LLC, one of the largest family offices in the world with more than $50 billion in assets and, according to regulatory filings, mostly invested in large-cap stocks like Deere & Co.DE,+1.55%,Berkshire HathawayBRK.B,+0.39%and Canadian National RailwayCNI,-0.37%.\nWhile any GameStop exposure, either direct or indirect, in Gates’s portfolio is difficult to see, the stock is having an interesting day.\nAfter falling by more than 5%, GameStop bounced back in afternoon trading and was down just over 1% going into the closing bell.","kind":null,"is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":102821536,"gmtCreate":1620195772625,"gmtModify":1704340060693,"author":{"id":"3582012803278187","authorId":"3582012803278187","name":"Royce333","avatar":"https://static.tigerbbs.com/8e8f380d16068c756ab6408555011ec4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582012803278187","idStr":"3582012803278187"},"htmlText":"What a stretch","listText":"What a stretch","text":"What a stretch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102821536","repostId":1186808828,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102820917,"gmtCreate":1620195485939,"gmtModify":1704340055119,"author":{"id":"3582083107278542","authorId":"3582083107278542","name":"octobernine","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3582083107278542","idStr":"3582083107278542"},"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102820917","repostId":1186808828,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102866144,"gmtCreate":1620194915588,"gmtModify":1704340050525,"author":{"id":"3581996485604595","authorId":"3581996485604595","name":"BigThumb","avatar":"https://static.tigerbbs.com/d9366427dbceb4a03b5342d31b6c3aaa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581996485604595","idStr":"3581996485604595"},"htmlText":"Yah, does affect and sliding down trend [Sad]&nbsp;","listText":"Yah, does affect and sliding down trend [Sad]&nbsp;","text":"Yah, does affect and sliding down trend [Sad]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/102866144","repostId":1186808828,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4228392,"gmtCreate":1620195068946,"gmtModify":1680787085997,"authorId":3582365143818595,"author":{"id":3582365143818595,"idStr":"3582365143818595","authorId":3582365143818595,"name":"Oddleo","avatar":"https://static.tigerbbs.com/569e40b38ccc6665e8895b488137078c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":102866144,"type":1,"supId":0,"prevId":0,"content":"[Cry][Cry]","text":"[Cry][Cry]","html":"[Cry][Cry]"},{"id":4228460,"gmtCreate":1620195785267,"gmtModify":1680787083020,"authorId":3582012803278187,"author":{"id":3582012803278187,"idStr":"3582012803278187","authorId":3582012803278187,"name":"Royce333","avatar":"https://static.tigerbbs.com/8e8f380d16068c756ab6408555011ec4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":102866144,"type":1,"supId":0,"prevId":0,"content":"Hhahaha","text":"Hhahaha","html":"Hhahaha"},{"id":4228628,"gmtCreate":1620197902029,"gmtModify":1680787080114,"authorId":3557023880373146,"author":{"id":3557023880373146,"idStr":"3557023880373146","authorId":3557023880373146,"name":"Ray140101","avatar":"https://static.tigerbbs.com/90476a625d11f5011e26f9ab5b9a45be","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":102866144,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":102885144,"gmtCreate":1620193771888,"gmtModify":1704340037893,"author":{"id":"3580619852870131","authorId":"3580619852870131","name":"boon2","avatar":"https://static.tigerbbs.com/492254a6ed5d65b6497390aed7f42355","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3580619852870131","idStr":"3580619852870131"},"htmlText":"Congrats... To the wife getting a good fortune&nbsp;","listText":"Congrats... To the wife getting a good fortune&nbsp;","text":"Congrats... To the wife getting a good fortune","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102885144","repostId":1186808828,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102883160,"gmtCreate":1620193268550,"gmtModify":1704340029854,"author":{"id":"3562993249814393","authorId":"3562993249814393","name":"Kelyn","avatar":"https://static.tigerbbs.com/725a4b728e7da1601fb909c628ee0ccb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3562993249814393","idStr":"3562993249814393"},"htmlText":"good read","listText":"good read","text":"good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102883160","repostId":1186808828,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102818583,"gmtCreate":1620192644942,"gmtModify":1704340019553,"author":{"id":"3582452363948297","authorId":"3582452363948297","name":"Class87low","avatar":"https://static.tigerbbs.com/bea9137d0bcd8347b0a3c7fa4b32b670","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3582452363948297","idStr":"3582452363948297"},"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102818583","repostId":1186808828,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":134,"commentSize":46,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1186808828"}