GameStop stock and what’s happening with it

What happened this past week with GameStop’s stock was unprecedented. And markets show that the three largest shareholders in GameStop’s stock have made nearly 2 billion dollars (1.65 billion euro) from the company’s stock rising this past week. The stock hit its high this past Wednesday at $354.83 and rose again on Thursday.

As the largest stockholder of GameStop, Mr Cohen’s now worth a staggering 1.4 billion dollars. In the last two weeks, with the rising of the stock, we calculated his net worth to increase an aver of around 90 million dollars a day. The GameStop Stock has increased more than 1,550% this year.

This sudden increase in the stock has never been seen before. Sure, we saw Tesla grow a hundred times over in the past year, but never has a stock increased so fast continuously in the timespan of a matter of days. On the social media platform Reddit, many small investors have started boasting about their gains from beating Wall Street and the amount of revenue they were able to generate if they caught wind of …

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