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2021-04-23

$GameStop(GME)$How to recall share for voting??I wanna see Mr. Ryan Cohen as CEO and chairman

2021-07-12

LMAO the motley fool though

8 Lies That Have Fueled the AMC Entertainment Pump-and-Dump Scheme

2021-06-10

Last chance

GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares

2021-04-13

bullish af

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2021-04-19

Lolol tldr

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2021-03-16

$GameStop(GME)$Brr counterfeit stocks

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the motley fool though","listText":"LMAO the motley fool though","text":"LMAO the motley fool though","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146736470","repostId":"2150580297","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183947129,"gmtCreate":1623303784161,"gmtModify":1704200476571,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575125355414670","authorIdStr":"3575125355414670"},"themes":[],"htmlText":"Last chance&nbsp;","listText":"Last chance&nbsp;","text":"Last chance","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183947129","repostId":"1170607354","repostType":4,"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372970957,"gmtCreate":1619172464579,"gmtModify":1704720752882,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575125355414670","authorIdStr":"3575125355414670"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>How to recall share for voting??I wanna see Mr.&nbsp;Ryan Cohen as CEO and chairman&nbsp;","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>How to recall share for voting??I wanna see Mr.&nbsp;Ryan Cohen as CEO and 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tldr","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373359826","repostId":"1153108819","repostType":2,"repost":{"id":"1153108819","pubTimestamp":1618497574,"share":"https://ttm.financial/m/news/1153108819?lang=&edition=fundamental","pubTime":"2021-04-15 22:39","market":"us","language":"en","title":"GameStop’s Shakeup Will Do Little to Alleviate Its Woes","url":"https://stock-news.laohu8.com/highlight/detail?id=1153108819","media":"InvestorPlace","summary":"GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.Ga","content":"<blockquote>GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.</blockquote><p>GameStoop fell about 7.5%&nbsp;in morning  trading.</p><p><img src=\"https://static.tigerbbs.com/48ede96d6233c7b39a789ae18b488344\" tg-width=\"708\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Video game retailer&nbsp;<b>GameStop</b>(NYSE:<b><u>GME</u></b>) is the most talked-about meme stock in recent memory. Thanks to a Reddit-induced short squeeze, it is one of the best-performing stocks in the past 12 months, with hardly any fundamentals to back that up. Despite a 40% drop in its price this month, it still trades more than 89 times its cash flows. What’s next for GME stock is anybody’s guess, but one thing is clear: the odds are heavily stacked against Gamestop in transforming its business.</p><p>A lot is riding on the induction ofChewy co-founder Ryan Cohenfor the company’s big e-commerce pivot. Under Cohen, the newly revamped board of directors is transforming the company from a retailer to a technology company. Global E-commerce saleshave shot up 191% in fiscal 2020, which shows its initiatives’ potential. However, nothing is a given with GameStop, considering its spotty track record. There are many holes in the company’s strategic plans, which should continue to impact its long-term outlook.</p><p><b>Cohen’s Transformative Plans</b></p><p>In an executive shakeup, GameStop named Ryan Cohen as its chairman. Cohen is known as an activist investor and the co-founder of pet supplies retailer Chewy.&nbsp; Hehad purchased a 10% stakein GameStop back in August last year and later increased it to 13%. In an SEC feeling in November, he talked about how the company needed to transform itself from a retailer to a tech company.</p><p>Naturally, Cohen has brought new leadership in executing his plans. However, to everyone’s surprise, the new appointments include marketers, customer care experts, web designers, and other IT professionals with little hands-on knowledge in the gaming industry. One would expect Cohen to introduce individuals with practical experience of the industry and well-versed with its developments.</p><p>More importantly, he seems to be missing the plot about how GameStop’s competition is incidentally its vendors. With the rising popularity of digital purchases, original equipment manufacturers (OEMs) are becoming less reliant on intermediary businesses. &nbsp;Therefore in many ways, the latest console upgrade cycle is likely to be significantly less profitable.</p><p>The last console upgrade cycle was back in 2013, where total global sales for its holiday periodwere at $3.15 billion. On the flip side, the holiday results for 2020 were at $1.7 billion, whichdecreased 3.1% compared to 2019. Hence, OEMs will continue to offer their content through their digital platforms, limiting GameStop and other related companies’ market share.</p><p><b>The Bottom Line on GME Stock</b></p><p>So where will the company go from here? I have no idea. The GameStop saga has arguably been one of the weirdest stock market stories in recent memory. It’s clear from a fundamental standpoint, though, that the stock is grossly overvalued.&nbsp; For example, its enterprise value to EBITDA ratio is more than 3,600% higher than the sector average. Moreover, its forward price to book ratio is also more than 375% higher than the sector average.</p><p>Many price targets for the stock are more than 70% lower than its current stock price. Moreover, the dispersal between its high and low estimates is more than $150 at this time. The reality is that if you factor in the risks associated with its business, its value is not even close to where it’s trading at this time.</p><p>GME stock has had a rollercoaster of a ride this year. However, it appears that it’s not exactly the mother of all short stocks at this point. Short interest as a % of the float was roughly 18% when it exceeded 100% in January. Moreover, its new chairman in Ryan Cohen seems to be missing the trick in understanding the company’s underlying problems. Therefore, it would be best for long and short sellers to steer clear of GME Stock.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop’s Shakeup Will Do Little to Alleviate Its Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop’s Shakeup Will Do Little to Alleviate Its Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 22:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/gme-stock-shakeup-will-do-little-to-alleviate-its-woes/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.GameStoop fell about 7.5% in morning  trading.Video game retailer GameStop(NYSE:GME) is the most ...</p>\n\n<a href=\"https://investorplace.com/2021/04/gme-stock-shakeup-will-do-little-to-alleviate-its-woes/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2021/04/gme-stock-shakeup-will-do-little-to-alleviate-its-woes/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153108819","content_text":"GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.GameStoop fell about 7.5% in morning  trading.Video game retailer GameStop(NYSE:GME) is the most talked-about meme stock in recent memory. Thanks to a Reddit-induced short squeeze, it is one of the best-performing stocks in the past 12 months, with hardly any fundamentals to back that up. Despite a 40% drop in its price this month, it still trades more than 89 times its cash flows. What’s next for GME stock is anybody’s guess, but one thing is clear: the odds are heavily stacked against Gamestop in transforming its business.A lot is riding on the induction ofChewy co-founder Ryan Cohenfor the company’s big e-commerce pivot. Under Cohen, the newly revamped board of directors is transforming the company from a retailer to a technology company. Global E-commerce saleshave shot up 191% in fiscal 2020, which shows its initiatives’ potential. However, nothing is a given with GameStop, considering its spotty track record. There are many holes in the company’s strategic plans, which should continue to impact its long-term outlook.Cohen’s Transformative PlansIn an executive shakeup, GameStop named Ryan Cohen as its chairman. Cohen is known as an activist investor and the co-founder of pet supplies retailer Chewy.  Hehad purchased a 10% stakein GameStop back in August last year and later increased it to 13%. In an SEC feeling in November, he talked about how the company needed to transform itself from a retailer to a tech company.Naturally, Cohen has brought new leadership in executing his plans. However, to everyone’s surprise, the new appointments include marketers, customer care experts, web designers, and other IT professionals with little hands-on knowledge in the gaming industry. One would expect Cohen to introduce individuals with practical experience of the industry and well-versed with its developments.More importantly, he seems to be missing the plot about how GameStop’s competition is incidentally its vendors. With the rising popularity of digital purchases, original equipment manufacturers (OEMs) are becoming less reliant on intermediary businesses.  Therefore in many ways, the latest console upgrade cycle is likely to be significantly less profitable.The last console upgrade cycle was back in 2013, where total global sales for its holiday periodwere at $3.15 billion. On the flip side, the holiday results for 2020 were at $1.7 billion, whichdecreased 3.1% compared to 2019. Hence, OEMs will continue to offer their content through their digital platforms, limiting GameStop and other related companies’ market share.The Bottom Line on GME StockSo where will the company go from here? I have no idea. The GameStop saga has arguably been one of the weirdest stock market stories in recent memory. It’s clear from a fundamental standpoint, though, that the stock is grossly overvalued.  For example, its enterprise value to EBITDA ratio is more than 3,600% higher than the sector average. Moreover, its forward price to book ratio is also more than 375% higher than the sector average.Many price targets for the stock are more than 70% lower than its current stock price. Moreover, the dispersal between its high and low estimates is more than $150 at this time. The reality is that if you factor in the risks associated with its business, its value is not even close to where it’s trading at this time.GME stock has had a rollercoaster of a ride this year. However, it appears that it’s not exactly the mother of all short stocks at this point. Short interest as a % of the float was roughly 18% when it exceeded 100% in January. Moreover, its new chairman in Ryan Cohen seems to be missing the trick in understanding the company’s underlying problems. Therefore, it would be best for long and short sellers to steer clear of GME Stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345666567,"gmtCreate":1618310264459,"gmtModify":1704708928766,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575125355414670","authorIdStr":"3575125355414670"},"themes":[],"htmlText":"bullish af","listText":"bullish af","text":"bullish af","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345666567","repostId":"1101547328","repostType":4,"isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325881392,"gmtCreate":1615885982616,"gmtModify":1704787922698,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575125355414670","authorIdStr":"3575125355414670"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Brr counterfeit stocks","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Brr counterfeit stocks","text":"$GameStop(GME)$Brr counterfeit stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325881392","isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":372970957,"gmtCreate":1619172464579,"gmtModify":1704720752882,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575125355414670","idStr":"3575125355414670"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>How to recall share for voting??I wanna see Mr.&nbsp;Ryan Cohen as CEO and chairman&nbsp;","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>How to recall share for voting??I wanna see Mr.&nbsp;Ryan Cohen as CEO and chairman&nbsp;","text":"$GameStop(GME)$How to recall share for voting??I wanna see Mr. Ryan Cohen as CEO and chairman","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/372970957","isVote":1,"tweetType":1,"viewCount":1574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146736470,"gmtCreate":1626098929690,"gmtModify":1703753388357,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575125355414670","idStr":"3575125355414670"},"themes":[],"htmlText":"LMAO the motley fool though","listText":"LMAO the motley fool though","text":"LMAO the motley fool though","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/146736470","repostId":"2150580297","repostType":4,"repost":{"id":"2150580297","pubTimestamp":1626098100,"share":"https://ttm.financial/m/news/2150580297?lang=&edition=fundamental","pubTime":"2021-07-12 21:55","market":"us","language":"en","title":"8 Lies That Have Fueled the AMC Entertainment Pump-and-Dump Scheme","url":"https://stock-news.laohu8.com/highlight/detail?id=2150580297","media":"Motley Fool","summary":"Misinformation is the basis for the bulk of AMC's rally.","content":"<p>There's arguably been no hotter stock on the planet in 2021 than movie theater chain <b>AMC Entertainment </b>(NYSE:AMC). It's gone from teetering on the brink of bankruptcy in early January to being valued at $23 billion, as of business close on July 7.</p>\n<p>At the heart of this rally are AMC's passionate army of retail investors, collectively known as \"apes\" -- an homage to <i>Rise of the Planet of the Apes</i>, where leader Caesar infers that apes are stronger together. This might sound like a feel-good story whereby retail is finally exacting its revenge on Wall Street, but the reality is that AMC has become a battleground pump-and-dump scheme driven higher almost entirely by the misinformation and lies spread by its retail investors.</p>\n<p>While I've previously covered some aspects of the misinformation campaign used as the foundation for the rally in AMC's stock, below are the eight most pervasive lies that have fueled this pump-and-dump scheme.</p>\n<h2>Lie No. 1: Hedge fund short-selling bankrupts companies</h2>\n<p>The whopper of all lies exchanged on message boards and via YouTube is the idea that hedge fund short-selling is somehow responsible for bankrupting businesses.</p>\n<p>The reality is that the operating performance of a company determines whether or not it thrives or goes under. There are plenty of companies whose share prices are under $1 that aren't bankrupt, and there are companies with share prices north of $1 that ultimately file for bankruptcy protection. Investors who choose to buy or short-sell stock are simply betting on an outcome. They don't control or influence how well or poorly the underlying business performs.</p>\n<p>Put another way, if I buy $1 billion worth of <b>Apple</b>&nbsp;stock tomorrow, I might help lift its share price, but I've not improved its sales or profit potential <a href=\"https://laohu8.com/S/AONE\">one</a> iota. Likewise, if I short-sell Apple's stock tomorrow, I haven't hurt its sales potential or profitability at all. Why would this hypothetical scenario be any different with AMC? Hint: It's not.</p>\n<h2>Lie No. 2: Shorts have to cover</h2>\n<p>Another dose of misinformation from AMC's apes is that short sellers of the stock have to cover. Specifically, apes are implying that there's some level of urgency here and that the disorder from excessive covering will lead to the \"mother of all short squeezes.\"</p>\n<p>The truth is that short-sellers \"have to cover\" as much as apes \"have\" to sell their position. In other words, short-sellers can cover their position at their leisure.</p>\n<p>What's more, hedge fund assets under management jumped to $4.07 trillion in June 2021, according to BarclayHedge. For short-covering to be disorderly, a massive wave of margin calls would need to come into play. Since the vast majority of hedge funds are diversified, and they have well over $4 trillion in assets in their sails, the chance of a margin call wave forcing short covering is virtually nonexistent.</p>\n<h2>Lie No. 3: The short squeeze is coming/around the corner</h2>\n<p>Just as they teach every salesperson, creating a sense of urgency with customers (i.e., potential new investors) is important. Apes are constantly hyping the idea that a short squeeze is imminent, or at worst right around the corner. Unfortunately, it's been five months since this ongoing claim began making its rounds, and there's nothing these retail folks can say to substantiate it.</p>\n<p>Aside from an institutional investor/hedge fund margin call wave being <i>highly</i> unlikely, history has also showed that short squeeze candidates have a poor track record of success. Earlier this year, I looked at the trailing three-month returns of 114 stocks with short interest above 20% and a market cap of at least $300 million. Only 9 of 114 stocks had gained 10% or more, while 94 of 114 had a negative three-month return.</p>\n<p>Apes need fresh capital to keep this pump-and-dump scheme going, but the data clearly shows that short squeezes rarely pay off.</p>\n<h2>Lie No. 4: Fundamentals don't matter</h2>\n<p>AMC's retail investors are also quick to dismiss anything having to do with concrete fundamental data. Whether it's the company's operating performance, industry ticket-sale trends, or AMC's balance sheet, they'll proudly proclaim it as FUD (fear, uncertainty, and doubt) and remind you this isn't a fundamental play. They do this because AMC's operating performance and balance sheet are nothing short of a horror movie, and they damage the misinformation campaign being put forward on social media and YouTube.</p>\n<p>I'll let you in on an investing secret that tenured investors know: Fundamentals always matter. Purposefully telling new investors to ignore fundamentals is like telling a used car buyer not to inspect the engine and just trust that everything is OK.</p>\n<p>For instance, social media was buzzing about <b>Washington Prime Group</b>'s short squeeze potential over the weekend of June 12 and 13. The company filed for bankruptcy protection late Sunday night (June 13), halving investors' stakes the following morning. The engine (fundamentals) drives the car; not the other way around.</p>\n<h2>Lie No. 5: Hedge funds control the mainstream media</h2>\n<p>AMC's apes need to create the impression that anything negative said about their company's stock on television, radio, the internet, or print can't possibly be true, and telling the lie that hedge funds control the mainstream media (MSM) is the easiest way to accomplish that task. Again, this pump-and-dump scam needs fresh capital to keep moving higher, therefore presenting the media as evil is an easy way to try to rally new investors to the retail cause.</p>\n<p>But, as is all-too-common with the ape agenda, it's devoid of fact.</p>\n<p>It just so happens that Harvard University provided a painstakingly thorough look at MSM ownership for 176 of the most influential media companies/outlets in May 2021. The findings? Only five of the 176 outlets are controlled or majority-controlled by private hedge funds. Apes simply hate hearing bad things said about AMC and will go to any lengths necessary to obfuscate those facts, including lying about MSM.</p>\n<h2>Lie No. 6: \"You're obviously short\"</h2>\n<p>To build on the previous point, AMC's impassioned retail investors will also claim inherent ownership biases in the anchors, guests, authors, and so on, who rail against their stock. This is necessary to help recruit fresh capital to their cause by trying to create an \"us vs. them\" mentality.</p>\n<p>To offer an example, I've personally been told on social media many dozens of times that I'm \"obviously short\" or \"clearly losing a lot of money\" because of the journalistic position I've taken on AMC. While I can't speak for any other company, I can proudly claim that my stock holdings are public information, and they're updated daily if I make a move. To boot, article disclosures state any positions I, and my company, have for any stock mentioned. This <i>includes</i> short positions, as well as any options ownership. The icing on the cake is that I also publicly announce my trading activity on <b><a href=\"https://laohu8.com/S/TWTR\">Twitter</a></b>.</p>\n<p>Despite this transparent information, apes constantly and falsely insinuate a financial interest when none exists.</p>\n<h2>Lie No. 7: BlackRock and Vanguard buying AMC stock is bullish</h2>\n<p>This is <a href=\"https://laohu8.com/S/AONE.U\">one</a> I find particularly amusing, because apes are more than willing to welcome institutional investors with open arms <i>if</i> they happen to own shares of AMC.</p>\n<p>Retail investors regularly use <b>BlackRock</b>'s and Vanguard's ownership of AMC stock as a reason to promote optimism. However, this tells only a fraction of the real story. BlackRock and Vanguard are two of the largest institutional investment firms in the country, based on assets under management. As of their mid-May 13F filings, which detailed their holdings for the first quarter, BlackRock had close to 5,000 positions, with Vanguard chiming in with more than 4,000 positions. During Q1, BlackRock and Vanguard added to more than 3,900 and 3,200 of these stakes, respectively.</p>\n<p>Put another way, BlackRock and Vanguard have so many product offerings that they have a stake in virtually every stock listed in an index. Saying that BlackRock and Vanguard buying AMC is bullish is akin to saying you bought shares of <b>Ford</b>&nbsp;stock because you like red paint.</p>\n<p>As a percentage of shares outstanding, hedge fund <i>and</i> overall institutional ownership in AMC fell during the first quarter from the sequential fourth quarter. That's a fact!</p>\n<h2>Lie No. 8: Apes saved AMC</h2>\n<p>The eighth and final mammoth lie that AMC's retail investors rely on to coerce community compliance and bring in fresh capital is the idea that apes saved AMC. These folks genuinely believe that by purchasing shares of AMC they've somehow saved the company from going bankrupt.</p>\n<p>As I discussed with the first lie on this list, buying and selling stock has absolutely no influence on how well or poorly a company performs from an operating standpoint. Even if apes were to buy every share in existence, AMC could still go bankrupt if its operating performance doesn't improve. And based on its 2027 bonds trading well below par, bondholders aren't convinced that things will improve enough to save the company.</p>\n<p>What really saves companies from bankruptcy is their operating performance and the actions of management. In AMC's case, selling hundreds of millions of shares of stock an issuing high-interest debt last year and in early January gave it the financial lifeline needed to survive the worst of the pandemic. That's not apes saving AMC; that's the company's actions extending a lifeline.</p>\n<p>If anything, apes are purposely harming AMC by tying the hands of CEO Adam Aron and shooting down any additional opportunities for the company to raise capital and shore up its balance sheet.</p>\n<p>If this list of lies shows anything, it's the lengths apes will go to manipulate AMC's share price. However, history is very clear that all pump-and-dump schemes end in disaster. That's not FUD. It's a practical guarantee.</p>\n<p>Caveat emptor.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>8 Lies That Have Fueled the AMC Entertainment Pump-and-Dump Scheme</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n8 Lies That Have Fueled the AMC Entertainment Pump-and-Dump Scheme\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 21:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/12/8-lies-that-fueled-the-amc-pump-and-dump-scheme/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's arguably been no hotter stock on the planet in 2021 than movie theater chain AMC Entertainment (NYSE:AMC). It's gone from teetering on the brink of bankruptcy in early January to being valued ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/12/8-lies-that-fueled-the-amc-pump-and-dump-scheme/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/07/12/8-lies-that-fueled-the-amc-pump-and-dump-scheme/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150580297","content_text":"There's arguably been no hotter stock on the planet in 2021 than movie theater chain AMC Entertainment (NYSE:AMC). It's gone from teetering on the brink of bankruptcy in early January to being valued at $23 billion, as of business close on July 7.\nAt the heart of this rally are AMC's passionate army of retail investors, collectively known as \"apes\" -- an homage to Rise of the Planet of the Apes, where leader Caesar infers that apes are stronger together. This might sound like a feel-good story whereby retail is finally exacting its revenge on Wall Street, but the reality is that AMC has become a battleground pump-and-dump scheme driven higher almost entirely by the misinformation and lies spread by its retail investors.\nWhile I've previously covered some aspects of the misinformation campaign used as the foundation for the rally in AMC's stock, below are the eight most pervasive lies that have fueled this pump-and-dump scheme.\nLie No. 1: Hedge fund short-selling bankrupts companies\nThe whopper of all lies exchanged on message boards and via YouTube is the idea that hedge fund short-selling is somehow responsible for bankrupting businesses.\nThe reality is that the operating performance of a company determines whether or not it thrives or goes under. There are plenty of companies whose share prices are under $1 that aren't bankrupt, and there are companies with share prices north of $1 that ultimately file for bankruptcy protection. Investors who choose to buy or short-sell stock are simply betting on an outcome. They don't control or influence how well or poorly the underlying business performs.\nPut another way, if I buy $1 billion worth of Apple stock tomorrow, I might help lift its share price, but I've not improved its sales or profit potential one iota. Likewise, if I short-sell Apple's stock tomorrow, I haven't hurt its sales potential or profitability at all. Why would this hypothetical scenario be any different with AMC? Hint: It's not.\nLie No. 2: Shorts have to cover\nAnother dose of misinformation from AMC's apes is that short sellers of the stock have to cover. Specifically, apes are implying that there's some level of urgency here and that the disorder from excessive covering will lead to the \"mother of all short squeezes.\"\nThe truth is that short-sellers \"have to cover\" as much as apes \"have\" to sell their position. In other words, short-sellers can cover their position at their leisure.\nWhat's more, hedge fund assets under management jumped to $4.07 trillion in June 2021, according to BarclayHedge. For short-covering to be disorderly, a massive wave of margin calls would need to come into play. Since the vast majority of hedge funds are diversified, and they have well over $4 trillion in assets in their sails, the chance of a margin call wave forcing short covering is virtually nonexistent.\nLie No. 3: The short squeeze is coming/around the corner\nJust as they teach every salesperson, creating a sense of urgency with customers (i.e., potential new investors) is important. Apes are constantly hyping the idea that a short squeeze is imminent, or at worst right around the corner. Unfortunately, it's been five months since this ongoing claim began making its rounds, and there's nothing these retail folks can say to substantiate it.\nAside from an institutional investor/hedge fund margin call wave being highly unlikely, history has also showed that short squeeze candidates have a poor track record of success. Earlier this year, I looked at the trailing three-month returns of 114 stocks with short interest above 20% and a market cap of at least $300 million. Only 9 of 114 stocks had gained 10% or more, while 94 of 114 had a negative three-month return.\nApes need fresh capital to keep this pump-and-dump scheme going, but the data clearly shows that short squeezes rarely pay off.\nLie No. 4: Fundamentals don't matter\nAMC's retail investors are also quick to dismiss anything having to do with concrete fundamental data. Whether it's the company's operating performance, industry ticket-sale trends, or AMC's balance sheet, they'll proudly proclaim it as FUD (fear, uncertainty, and doubt) and remind you this isn't a fundamental play. They do this because AMC's operating performance and balance sheet are nothing short of a horror movie, and they damage the misinformation campaign being put forward on social media and YouTube.\nI'll let you in on an investing secret that tenured investors know: Fundamentals always matter. Purposefully telling new investors to ignore fundamentals is like telling a used car buyer not to inspect the engine and just trust that everything is OK.\nFor instance, social media was buzzing about Washington Prime Group's short squeeze potential over the weekend of June 12 and 13. The company filed for bankruptcy protection late Sunday night (June 13), halving investors' stakes the following morning. The engine (fundamentals) drives the car; not the other way around.\nLie No. 5: Hedge funds control the mainstream media\nAMC's apes need to create the impression that anything negative said about their company's stock on television, radio, the internet, or print can't possibly be true, and telling the lie that hedge funds control the mainstream media (MSM) is the easiest way to accomplish that task. Again, this pump-and-dump scam needs fresh capital to keep moving higher, therefore presenting the media as evil is an easy way to try to rally new investors to the retail cause.\nBut, as is all-too-common with the ape agenda, it's devoid of fact.\nIt just so happens that Harvard University provided a painstakingly thorough look at MSM ownership for 176 of the most influential media companies/outlets in May 2021. The findings? Only five of the 176 outlets are controlled or majority-controlled by private hedge funds. Apes simply hate hearing bad things said about AMC and will go to any lengths necessary to obfuscate those facts, including lying about MSM.\nLie No. 6: \"You're obviously short\"\nTo build on the previous point, AMC's impassioned retail investors will also claim inherent ownership biases in the anchors, guests, authors, and so on, who rail against their stock. This is necessary to help recruit fresh capital to their cause by trying to create an \"us vs. them\" mentality.\nTo offer an example, I've personally been told on social media many dozens of times that I'm \"obviously short\" or \"clearly losing a lot of money\" because of the journalistic position I've taken on AMC. While I can't speak for any other company, I can proudly claim that my stock holdings are public information, and they're updated daily if I make a move. To boot, article disclosures state any positions I, and my company, have for any stock mentioned. This includes short positions, as well as any options ownership. The icing on the cake is that I also publicly announce my trading activity on Twitter.\nDespite this transparent information, apes constantly and falsely insinuate a financial interest when none exists.\nLie No. 7: BlackRock and Vanguard buying AMC stock is bullish\nThis is one I find particularly amusing, because apes are more than willing to welcome institutional investors with open arms if they happen to own shares of AMC.\nRetail investors regularly use BlackRock's and Vanguard's ownership of AMC stock as a reason to promote optimism. However, this tells only a fraction of the real story. BlackRock and Vanguard are two of the largest institutional investment firms in the country, based on assets under management. As of their mid-May 13F filings, which detailed their holdings for the first quarter, BlackRock had close to 5,000 positions, with Vanguard chiming in with more than 4,000 positions. During Q1, BlackRock and Vanguard added to more than 3,900 and 3,200 of these stakes, respectively.\nPut another way, BlackRock and Vanguard have so many product offerings that they have a stake in virtually every stock listed in an index. Saying that BlackRock and Vanguard buying AMC is bullish is akin to saying you bought shares of Ford stock because you like red paint.\nAs a percentage of shares outstanding, hedge fund and overall institutional ownership in AMC fell during the first quarter from the sequential fourth quarter. That's a fact!\nLie No. 8: Apes saved AMC\nThe eighth and final mammoth lie that AMC's retail investors rely on to coerce community compliance and bring in fresh capital is the idea that apes saved AMC. These folks genuinely believe that by purchasing shares of AMC they've somehow saved the company from going bankrupt.\nAs I discussed with the first lie on this list, buying and selling stock has absolutely no influence on how well or poorly a company performs from an operating standpoint. Even if apes were to buy every share in existence, AMC could still go bankrupt if its operating performance doesn't improve. And based on its 2027 bonds trading well below par, bondholders aren't convinced that things will improve enough to save the company.\nWhat really saves companies from bankruptcy is their operating performance and the actions of management. In AMC's case, selling hundreds of millions of shares of stock an issuing high-interest debt last year and in early January gave it the financial lifeline needed to survive the worst of the pandemic. That's not apes saving AMC; that's the company's actions extending a lifeline.\nIf anything, apes are purposely harming AMC by tying the hands of CEO Adam Aron and shooting down any additional opportunities for the company to raise capital and shore up its balance sheet.\nIf this list of lies shows anything, it's the lengths apes will go to manipulate AMC's share price. However, history is very clear that all pump-and-dump schemes end in disaster. That's not FUD. It's a practical guarantee.\nCaveat emptor.","news_type":1},"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183947129,"gmtCreate":1623303784161,"gmtModify":1704200476571,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575125355414670","idStr":"3575125355414670"},"themes":[],"htmlText":"Last chance&nbsp;","listText":"Last chance&nbsp;","text":"Last chance","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183947129","repostId":"1170607354","repostType":4,"repost":{"id":"1170607354","pubTimestamp":1623280906,"share":"https://ttm.financial/m/news/1170607354?lang=&edition=fundamental","pubTime":"2021-06-10 07:21","market":"us","language":"en","title":"GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares","url":"https://stock-news.laohu8.com/highlight/detail?id=1170607354","media":"cnbc","summary":"GameStop's sales rose 25% in the fiscal first quarter, as the video game retailer embarks on a turna","content":"<div>\n<p>GameStop's sales rose 25% in the fiscal first quarter, as the video game retailer embarks on a turnaround strategy partially fueled by a Reddit-inspired stock rally. The company also named ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/09/gamestop-gme-earnings-q1-2021.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 07:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/09/gamestop-gme-earnings-q1-2021.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop's sales rose 25% in the fiscal first quarter, as the video game retailer embarks on a turnaround strategy partially fueled by a Reddit-inspired stock rally. The company also named ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/09/gamestop-gme-earnings-q1-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.cnbc.com/2021/06/09/gamestop-gme-earnings-q1-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1170607354","content_text":"GameStop's sales rose 25% in the fiscal first quarter, as the video game retailer embarks on a turnaround strategy partially fueled by a Reddit-inspired stock rally. The company also named formerAmazonexecutive Matt Furlongas its new CEO.\nShares once fell more than 12% in extended trading on Wednesday, after the company declined to provide an outlook for the year and said it may sell as many as 5 million shares.\nHere's how the company did for the fiscal first quarter ended May 1, compared with Refinitiv consensus estimates:\n\nLoss per share: 45 cents per share adjusted vs. 84 cents expected\nRevenue: $1.28 billion vs. $1.16 billion expected\n\nIn the quarter, GameStop reported that its net loss narrowed to $66.8 million, or $1.01 per share, from a loss of $165.7 million, or $2.57 per share, a year earlier. Excluding items, the company had a loss of 45 cents per share. Analysts were expecting GameStop to report a loss of 84 cents per share, according to Refinitiv.\nTotal revenue grew to $1.28 billion from $1.02 billion a year earlier, topping Wall Street's expectations of $1.16 billion.\nThe company declined to provide a forecast for the year. It said sales momentum continued into the second quarter, with total sales in May increasing about 27% compared with the same month a year ago.\nGameStop filed a prospectus with the Securities and Exchange Commission to sell up to 5 million shares of its stock from time to time, in \"at-the-market\" offerings. The funds it raises through these stock sales will be used for general corporate purposes, investing in growth initiatives and strengthening its balance sheet, the company said.\nAs of May 1, GameStop said, it had paid off its long-term debt and no longer had any borrowings under its asset-based revolving credit facility.\nThe video game retailer's stock has gyrated wildly over the past several months as retail traders have shared tips on Reddit and tried to fuel short squeezes for companies including GameStop,AMC Entertainment,Bed Bath & BeyondandClover Health— collectivelythe group has become known as meme stocks.\nGameStop's shares are up 1,506% so far this year. Its shares have swung from a 52-week low of $3.77 to a 52-week high of $483. As of Wednesday's close, shares were $302.56. Its market value is $21.41 billion.\nThe trading frenzy has gotten the attention of the SEC. In a filing Wednesday, GameStop said it had received a request from the SEC on May 26 to voluntarily provide documents and information. The company said it was reviewing that request and planned to cooperate.\nGameStop has tried to catch investors' attention in other ways, as it focuses more on e-commerce and poaches talent from other companies. This spring, it tappedChewyco-founderRyan Cohen to lead efforts to grow the online business. He was named chairman at a shareholder meeting Wednesday. The company also hired several formerAmazonexecutives, including Jenna Owens, its new chief operating officer; Matt Francis, its first chief technology officer; and Elliott Wilke, its chief growth officer.\nYet some analysts are unconvinced that the longtime brick-and-mortar retailer can pivot its business and believe the company has been propped up by speculation.\nLoop Capital analyst Anthony Chukumba dropped his coverage of GameStop earlier this year following the Reddit frenzy. He told CNBC that the video game retailer's challenges run deep regardless of who it hires.\n\"It's great that these guys worked at Amazon. Amazon is a very successful retailer that I do cover, that I'm very familiar with, but at the end of the day, GameStop's problems have very little, if anything, to do with e-commerce,\" Chukumba said on CNBC's \"Closing Bell.\"\n\"Their problem is not that they're not a good omnichannel retailer. The problem is that gamers are increasingly downloading video games,\" he added. \"Look, they can hire Jeff Bezos when he comes back from space. ... It's not going to make a difference. The symptoms are not aligned with the medicine that the doctor is giving them. You can hire anyone you want from Amazon — not going to make a difference.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345666567,"gmtCreate":1618310264459,"gmtModify":1704708928766,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575125355414670","idStr":"3575125355414670"},"themes":[],"htmlText":"bullish af","listText":"bullish af","text":"bullish af","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/345666567","repostId":"1101547328","repostType":4,"isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373359826,"gmtCreate":1618824052765,"gmtModify":1704715391950,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575125355414670","idStr":"3575125355414670"},"themes":[],"htmlText":"Lolol tldr","listText":"Lolol tldr","text":"Lolol tldr","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373359826","repostId":"1153108819","repostType":2,"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325881392,"gmtCreate":1615885982616,"gmtModify":1704787922698,"author":{"id":"3575125355414670","authorId":"3575125355414670","name":"WenJieRusty","avatar":"https://static.tigerbbs.com/753860602694d368820ebf87f16ee59d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575125355414670","idStr":"3575125355414670"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Brr counterfeit stocks","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>Brr counterfeit stocks","text":"$GameStop(GME)$Brr counterfeit stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325881392","isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}