GameStop stock price manipulation. Hedge fund swindlers get swindled in return.

[Tomasz Winnicki]

Few different takes on the issue.

Retail Traders Rage Against The Financial Machine

Retail Traders Rage Against The Financial Machine

The GameStop Rally Explained - Why It's Likely Not What It Seems

The GameStop Rally Explained - Why It's Likely Not What It Seems

ROBINHOOD GAMESTOP MANIPULATION!!! [BUYING UNISWAP]

ROBINHOOD GAMESTOP MANIPULATION!!! [BUYING UNISWAP]

Wall Street Strikes Back! Rules for Thee Not for Me, Say Nasdaq, Robinhood, and TD Ameritrade

Wall Street Strikes Back! Rules for Thee Not for Me, Say Nasdaq, Robinhood, and TD Ameritrade

[Stewart Meadows]

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Here's an article that was published a couple of days ago on the jewish news site JTA:

The Jewish angles to the GameStop stock saga, explained


BY GABE FRIEDMAN JANUARY 28, 2021 4:27 PM



Update: Robinhood said on Thursday afternoon that it will allow users to start trading GameStop stock again on Friday.

(JTA) — Even if you never pay attention to stock market news, you have probably gotten the sense that something unusual is happening right now, and it has to do with something called GameStop.

The video game store sits at the center of a dramatic “short squeeze” that has market watchers wondering whether stock trading could forever be changed. Multiple prominent Jewish money managers are involved in the saga, on both the winning and losing sides. Online anti-Semites have noticed, seizing the opportunity to connect it all to age-old stereotypes about Jewish manipulation of the financial world.
(...)
On Tuesday, GameStop’s stock price rocketed up over 90% of its previous price, sending shock waves through the entire stock market and the broader world of finance.

But the company, which has been hurt badly during the pandemic, did not suddenly change its business model or win the lottery — online groups, mostly on the social media site Reddit, rallied to the company’s defense, buying GameStop shares in an enormous spree. In their view, they were attempting to save the company from being “shorted” by hedge funds, which were betting big on the retail chain’s eventual demise.
(...)
The main squeeze victims in this story are Steve Cohen and Gabe Plotkin, two Jewish investors who are also two of the most successful hedge fund chiefs on Wall Street. Cohen, the new owner of the New York Mets baseball franchise, had a net worth of over $14 billion as of last year. Plotkin, who once worked under Cohen, manages close to $8 billion in assets under his Melvin Capital firm. Plotkin has been honored by the Chabad Hasidic movement and worked with the Young Jewish Professionals networking group.

The effects on their assets have been huge. So far this month, Cohen’s Point72 hedge fund has lost 15% of its value. Melvin Capital has lost as much as 30% — a bill so steep that Plotkin asked Cohen and investment firm Citadel LLC, run by Dan Sundheim, for an emergency influx of cash (which they provided, to the tune of $2.75 billion).

But they aren’t the only Jewish characters involved. Ryan Cohen, CEO of the successful pet products company Chewy, is the largest stakeholder in GameStop, with about 9 million shares, making him the big winner of the week. As of Wednesday, he had made $3 billion from the fallout.

Then there’s Jewish troll extraordinaire Dave Portnoy, founder of the hugely popular blog and social media company Barstool Sports, who has emerged as one of the leading public advocates for the mass of small investors who mostly remain anonymous on sites like Reddit. More on his reaction below.

The Robinhood response

Many of the rebellious traders use Robinhood, an app that allows users to trade stocks without fronting huge minimums of money. Its mantra: “Let the people trade.”

But on Thursday, Robinhood shut down the trading around GameStop, AMC and other companies that the small-money investors had given a bump in an effort to curb market “volatility.” GameStop and other stocks predictably plummeted without the Redditors to keep them afloat.

That move has enraged a wide spectrum of observers, especially since Robinhood is partially funded by Citadel. That fact has sparked claims that the hedge funds involved colluded to unfairly stop the bleeding.

https://www.jta.org/2021/01/28/unite...saga-explained

[Paul Anthony]

Instead of pissing and moaning about niggers and financial criminal jews we here on VNN should be doing something like what the reddit users did!

[Stewart Meadows]

MGM acquires movie rights to book on GameStop v hedge funds saga


1 Feb, 2021 14:53



Although amateur traders are still locked into their multibillion dollar battle with Wall Street’s top hedge funds, MGM has acquired the film rights to a book on the timely tale.

$GME (GameStop) stock closed high on Friday, a day after data firm Ortex revealed that short sellers lost a whopping $70 billion on it and stocks like it in January. Within hours of the closing bell ringing in New York, MGM acquired the film rights to ‘The Antisocial Network’, an upcoming book on the story by bestselling author Ben Mezrich, Deadline reported on Sunday.

Mezrich confirmed the news later that night, tweeting a short and simple “YOLO.”

The book hasn’t yet found a publisher, and the story is very much still developing. However, the David versus Goliath tale has quickly become the year’s biggest news story.

https://www.rt.com/usa/514276-mgm-ga...-stocks-movie/

Ben Mezrich (/ˈmɛzrɪk/ MEZ-rik;[2] born February 7, 1969) is an American author. (...) He was raised in a Conservative Jewish household

https://en.wikipedia.org/wiki/Ben_Mezrich

[Stewart Meadows]

HBO becomes SEVENTH company to produce film on GameStop mania as Hollywood & Wall Street rush to cash in on ‘Reddit Rebellion’


5 Feb, 2021 23:42 / Updated 13 hours ago

HBO is developing its own movie on the GameStop stock frenzy, the seventh film project to emerge from the debacle as major Hollywood production houses race to milk every penny out of the grassroots “rebellion” against Wall Street.
(...)
For those keeping score, HBO’s is the seventh major project to be put into development about the stock surge. There have already been two documentaries announced, a scripted Netflix feature from ‘Hurt Locker’ screenwriter Mark Boal, a miniseries titled ‘To the Moon’, an MGM adaptation of Ben Mezrich’s forthcoming book ‘The Antisocial Network’, as well as a possible project from Brett Ratner’s RatPac Entertainment.

The sheer number of production houses racing to bleed the story for all it’s worth already has many on social media shaking their heads and losing interest.
(...)
Though the drama of the ‘Reddit Rebellion’ has been widely billed as little guys sticking it to Wall Street fat cats, it wasn’t only small-time amateur traders who made out like bandits from the short squeeze. Some professional hedge fund managers also made big money, such as the New York-based Senvest Management. Richard Mashaal and Brian Gonick, who run the firm, say they raked in a profit of nearly $700 million after noticing the stock rallying back in September. As of Friday, GameStop’s share price sits more than 700 percent higher than it did at that time, despite a significant crash since its peak in late January.

https://www.rt.com/usa/514777-hbo-gamestop-movie/

[Stewart Meadows]

Robinhood CEO claims to be hiding in ‘undisclosed location,’ supposedly facing DEATH THREATS over restricting ‘meme stock’ trading


16 Feb, 2021 19:31



Vlad Tenev, CEO of now-infamous stock-trading app Robinhood, is supposedly hiding out in an “undisclosed location” avoiding what he claims are threats to his life as he prepares to testify at Congress.

Tenev is awaiting a Thursday hearing on the GameStop upset, apparently hiding out in a hotel out of fear of going home due to what he insisted to Bloomberg are “angry client mobs” making death threats against him.

The Robinhood co-founder incurred massive loathing from the internet after his trading platform began imposing seemingly arbitrary one-stock purchase limits on GameStop ($GME) and nearly 50 other stocks popular with Reddit’s day-trading community WallStreetBets last month, including special investment vehicle Churchill Capital Investment ($CCIV), theatre operator AMC ($AMC), and smartphone maker turned security services vendor BlackBerry.

https://www.rt.com/usa/515750-robinh...reats-hearing/

[Stewart Meadows]

Gabe Plotkin, hedge funder who tried to short GameStop, tells Congress he received anti-Semitic messages


FEBRUARY 19, 2021 1:10 PM

(JTA) — Gabe Plotkin, the head of one of the hedge funds that bet on the demise of GameStop, testified before the House Financial Services Committee that he received anti-Semitic messages from members of the Reddit forum that tried to save the video game store.

“Many of these posts were laced with antisemitic slurs directed at me and others. The posts said things like ‘it’s very clear we need a second holocaust, the jews can’t keep getting away with this.’ Others sent similarly profane and racist text messages to me,” Plotkin wrote in written testimony.

Plotkin’s Melvin Capital fund — which he notes was named after his grandfather — was hit hard after a wave of Reddit users rushed to invest in GameStop last month in an effort to save the company. Melvin and other funds had been seeking to short the company’s stock, or make a significant profit off its failure.

In the end, Plotkin asked fellow Jewish investors, including New York Mets owner Steve Cohen, for a cash injection of $2.75 billion to keep his fund afloat

https://www.jta.org/quick-reads/gabe...mitic-messages

[Paul Anthony]

This is what you call a classic "Pump and Dump!!" You inflate the stock price with the help of the media, and create a bunch of hype, then you sell high to a dumbed down public... then when the stock falls back down to nothing you've made as much as 500%..

PUMP AND DUMP WITH MEDIA HELP..

[Stewart Meadows]

‘The war continues’: Small investors up in arms after GameStop stock trades halted amid price surge & reports of Reddit outages


24 Feb, 2021 23:47



GameStop shares have again soared, surging by more than 100 percent until a trading halt slowed the rally before markets closed, stoking suspicions among small investors, some pointing to mysterious Reddit issues during the spike.

$GME was up by nearly 104 percent when trading stopped on Wednesday, more than doubling its value over the last 24 hours, but the surge was stopped in its tracks by a trading halt imposed some 15 minutes before markets closed.

Observers online noted that while halts are typically short-lived and last only a few minutes, the suspension of GameStop trades endured until markets closed at 4pm eastern.

https://www.rt.com/usa/516506-gamest...ge-trade-halt/