GameStop Plugs 'Infinite Money Glitch', Stock Starts Printing Cash

Benzinga_recent_news05:27

GameStop Corp. (NYSE:GME) was in the spotlight this week for two reasons: a literal infinite money glitch found within its own stores and massive insider buys from CEO Ryan Cohen. YouTuber RJCmedia ...

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(NYSE:GME) was in the spotlight this week for two reasons: a literal infinite money glitch found within its own stores and massive insider buys from CEO Ryan Cohen. \nYouTuber RJCmedia ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/movers/26/01/50084531/gamestop-plugs-infinite-money-glitch-stock-starts-printing-cash\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4577","symbol_name":"网络游戏","start_time":0,"source_url":"https://www.benzinga.com/trading-ideas/movers/26/01/50084531/gamestop-plugs-infinite-money-glitch-stock-starts-printing-cash","article_id":"2605101894","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/01/22/New-York-Ny---usa-january-22--2011-A-Gam_1.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/trading-ideas/movers/26/01/50084531/gamestop-plugs-infinite-money-glitch-stock-starts-printing-cash","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2605101894","pubTimestamp":1769117220,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"GameStop stock is up 10% this week following massive insider buys from CEO Ryan Cohen and an infinite money glitch found.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4577":"网络游戏","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","GME":"游戏驿站","BK4076":"电脑与电子产品零售"},"translate_title":"游戏驿站堵塞“无限货币故障”，股票开始印钞","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GME":1.98},"content_text":"GameStop Corp. (NYSE:GME) was in the spotlight this week for two reasons: a literal infinite money glitch found within its own stores and massive insider buys from CEO Ryan Cohen. \nYouTuber RJCmedia exposed a trade-in loophole involving the newly released Nintendo Switch 2 that allowed customers to essentially print store credit.\nThe exploit was remarkably simple: a customer would purchase a new Nintendo Switch 2 for $414.99. By immediately trading the console back in alongside the purchase of a cheap pre-owned game, a promotional multiplier was triggered. \nThe errant promotion increased the trade-in value of the console to $472.50, netting the user roughly $57 in profit per cycle.\nGameStop quickly issued a statement on X confirming the glitch was real, but has since been patched. \n“Our system briefly valued the pre-owned trade more than the new retail cost… we gently remind everyone that our stores are not designed to function as infinite money printers,\" the company said. \nWhile retail hackers were busy farming store credit, GameStop CEO Ryan Cohen was busy buying shares. \nSEC filings revealed that Cohen purchased 1 million shares of GME this week—500,000 on Tuesday and another 500,000 on Wednesday—at an average price of roughly $21.40.\nCohen's latest $21 million personal investment in GameStop brings his total stake to approximately 9.3% (42.1 million shares). \nThe move has electrified investor sentiment, sending the stock up 10% for the week. \nThursday also marks exactly one year since Keith Gill, better known as “Roaring Kitty,” last posted on social media. The anniversary is fueling nostalgia-driven chatter on social media Thursday.\nBetween the viral nature of the trade-in money glitch, Cohen’s high-conviction buying and speculation around Roaring Kitty, GameStop is proving yet again that it remains the king of the meme stock world.\nPhoto: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"productRelease","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","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/2605101894","isCrawlerRequest":true}