Twitter and, well, social media, in general, exploded with a few words, Gamestop, wall street, hedge funds, and wallstreetbet, the Reddit forum for stock talk. It was sudden and kind of unrelated to our region, but whatever happens in the US, we like to stay informed of it, don’t we. But if you are still having the below-mentioned reaction to the GameStop references, let me give you an overview of it.
every time ive tried to read or watch smth explaining gamestop stocks thing my brain does this pic.twitter.com/Co3HXWAlHS
— francine 🌸 (@stormkive) January 29, 2021
Drama Context
GameStop was a regular shop for toys and consoles. Hedge funds apparently decided to sell it short. That means that you are intentionally making the company lose stock value. However, millennials got together on Reddit and decided to up it for GameStop. So they started buying it. When demand rose, so did Game Stop’s value.
The change became so noticeable that none other than Elon Musk also tweeted about it.
Gamestonk!! https://t.co/RZtkDzAewJ
— Elon Musk (@elonmusk) January 26, 2021
Why is this scenario tweetable by someone belonging to the Bloomberg Billionaire Index?
Because the Reddit millennials had basically made a fool our of hedge funds people, some even said that this was a payback for the 2008 financial crisis.
And you know when millennials are involved, they need to troll whoever they are up against. So right on time, toll memes about GameStop and against the hedge funds started appearing.
The Twitter Reactions
Considering its stock value, the brand is being named in the Fortune 500. Well, the rest of the fortuned 500 have occupied their place for quite some time. So the addition of GameStop amidst the old fortune 500s looks, according to some, like this:
GameStop sitting amongst Tesla and Amazon after reddit users make it a Fortune 500 company pic.twitter.com/AVUtcjs6gl
— Jordan Deeb (@Jordan_Deeb) January 27, 2021
Some chose to show where Hedge Funds and Reddit-ers would stand they starring in ‘Trading Places’.
Something I found on fb, just showing the "short" selling of stocks such as AMC Theatres, Game Stop, etc. And it's fiitting that they use images from one my favorite films "Trading Places" with Eddie Murphy 🙂 pic.twitter.com/5fvaG73sg4
— Levois J (@levois) January 29, 2021
This Simpson visual is the best suited for the current drama. Because let’s be honest, Twitter is only having fun with the drama between billion-dollar hedge funds and GameStop. This reminds us, Robinhood, the commission-free investing company, restricted the trading of GameStop shares.
— Jim Malo OAM (@thejimmalo) January 26, 2021
Overall, this meme story just won the day!
This GameStop story has given me so much joy pic.twitter.com/IVHb206R4K
— Mel en Suisse (@mel_giancarlo) January 29, 2021
This is no Danish versus Shahveer stock drama from Mere Paas Tum Ho, but the memes are hilarious that you would literally be laughing out loud.
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