28% of Americans Bought Into The GameStop Frenzy

So who won? It certainly wasn’t those who still held on to GameStop’s fundamentally baseless rally.

GameStop (NYSE: $GME) shows real-world David does not beat Goliath, wiping out $30.2 billion in value from its January peak.

Gambling and betting colleagues all joined the equity market arena, last year, as their vices were closed and shut down. The freshly minted retail investors hoarded to platforms like Robinhood and Reddit eagerly looking where to deploy their stimulus checks to make a quick buck. The perfect setup for irrational and cataclysmic exuberance.

28% of Americans bought into the GameStop frenzy.

Retail trading of individual stocks now represents roughly 25 percent of overall stock market volume compared with just 10 percent in 2019, according to Goldman Sachs.

We covered GameStop way before it was cool – our subscribers surely enjoyed a formidable upswing and could laugh all the way to the bank, cashing out, when everyone else was getting in.

 

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Luka Marjanovic

Partner

Luka holds a Bachelor’s in International Business and a Master’s in International Management. During his undergraduate studies he worked as a research assistant in the field of Big Data; founded his own consulting firm providing services to local SME's in various sectors and invested in the capital markets; as well as working pro-bono providing education and career counselling. Prior to his business education, he studied Biology-and-Biotechnology, and served in the Danish Royal Army as Second Sergeant, leading and managing a group under extreme conditions and pressure. Luka has spent significant time abroad, living and working in seven different countries. When he's not in the office, he's chasing the next gusts windsurfing, carving the mountain snowboarding or out in the forest for a jog.

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