www.nytimes.com
Open in
urlscan Pro
151.101.129.164
Public Scan
Submitted URL: https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html/
Effective URL: https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html/
Submission: On September 17 via api from US — Scanned from DE
Effective URL: https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html/
Submission: On September 17 via api from US — Scanned from DE
Form analysis 0 forms found in the DOM
Text Content
Sections SEARCH Skip to contentSkip to site index Business Subscribe NowLog in Friday, September 17, 2021 Today’s Paper Log In Business|‘Dumb Money’ Is on GameStop, and It’s Beating Wall Street at Its Own Game https://www.nytimes.com/2021/01/27/business/gamestop-wall-street-bets.html * * * * * * * 877 Advertisement Continue reading the main story Supported by Continue reading the main story ‘DUMB MONEY’ IS ON GAMESTOP, AND IT’S BEATING WALL STREET AT ITS OWN GAME GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street. * * * * * * * 877 A GameStop near Union Square in Manhattan. Investors fueled by a forum on Reddit have pushed GameStop shares into the stratosphere and crippled short sellers.Credit...Hiroko Masuike/The New York Times By Matt Phillips and Taylor Lorenz Published Jan. 27, 2021Updated Feb. 25, 2021 Leer en español A real estate salesman in Valparaiso, Ind. A former line cook from the Bronx. An evangelical pastor and his wife in Huntington Beach, Calif. A high school student in the Milwaukee suburbs. They are among the millions of amateur traders collectively taking on some of Wall Street’s most sophisticated investors — and, for the moment at least, winning. Propelled by a mix of greed and boredom, gleefully determined to teach Wall Street a lesson, and turbocharged by an endless flow of get-rich-quick hype and ideas delivered via social media, these investors have piled into trades around several companies, pushing their stock prices to stratospheric levels. Advertisement Continue reading the main story COMMENTS 877 ‘Dumb Money’ Is on GameStop, and It’s Beating Wall Street at Its Own GameSkip to Comments The comments section is closed. To submit a letter to the editor for publication, write to letters@nytimes.com. -------------------------------------------------------------------------------- Subscribe to The Times to read as many articles as you like. nytimes.com/subscription SITE INDEX SITE INFORMATION NAVIGATION * © 2021 The New York Times Company * NYTCo * Contact Us * Accessibility * Work with us * Advertise * T Brand Studio * Your Ad Choices * Privacy Policy * Terms of Service * Terms of Sale * Site Map * Canada * International * Help * Subscriptions You’ve reached your limit of free articles. Already a subscriber? Log in. The New York Times: Digital and Home Delivery Subscriptions READER FAVORITE BASIC SUBSCRIPTION Special offer: Get unlimited access for €0.50 a week. €2.00 €0.50/week Billed as €8.00 €2.00 every 4 weeks for one year SUBSCRIBE NOW You can cancel anytime. https://myaccount.nytimes.com Buy with -------------------------------------------------------------------------------- By buying your subscription with Apple Pay, you consent to our Terms of Service and our Terms of Sale, including the Cancellation and Refund Policy, and you acknowledge our Privacy Policy. You will be automatically charged the introductory rate every four weeks for one year, then the standard rate every four weeks thereafter. Sales tax may apply. You will be charged in advance. Your subscription will continue until you cancel. You may cancel at anytime. Cancellations take effect at the end of your current billing period. Offer Link -------------------------------------------------------------------------------- No commitment required. Cancel anytime. Limited time offer. This is an offer for a Basic Digital Access Subscription. Your payment method will automatically be charged in advance every four weeks. You will be charged the introductory offer rate every four weeks for the introductory period of one year, and thereafter will be charged the standard rate every four weeks until you cancel. Your subscription will continue until you cancel. You can cancel anytime. Cancellations take effect at the end of your current billing period. The Basic Digital Access Subscription does not include e-reader editions (Kindle, Nook, etc.), NYT Games (the Crossword) or NYT Cooking. Mobile apps are not supported on all devices. These offers are not available for current subscribers. Other restrictions and taxes may apply. Offers and pricing are subject to change without notice. This is an offer for a Basic Digital Access Subscription. The Basic Digital Access Subscription does not include e-reader editions (Kindle, Nook, etc.), NYT Games (the Crossword) or NYT Cooking. Mobile apps are not supported on all devices. These offers are not available for current subscribers. Other restrictions and taxes may apply. Offers and pricing are subject to change without notice. © 2021 The New York Times Company HelpFeedback Your tracker settings We use cookies and similar methods to recognize visitors and remember their preferences. We also use them to measure ad campaign effectiveness, target ads and analyze site traffic. To learn more about these methods, including how to disable them, view our Cookie Policy. By clicking "accept", you consent to the processing of your data by us and third parties using the above methods. You can always change your tracker preferences by visiting our Cookie Policy. ACCEPT MANAGE TRACKERS plus-icon check Subscribe to The Times to read (and print) as many articles as you’d like. nytimes.com/subscription