The SEC Has Referred to GME, AMC as “Meme Stocks” in Legal Documents
The SEC's recently-used wording in a legal file suggests GME and AMC are 'meme stocks', after mocking such an investment in a recent video.
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BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
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DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
GameStop's NFT marketplace brought about $45,000 in transaction fees during its first 24 hours.
The SEC's recently-used wording in a legal file suggests GME and AMC are 'meme stocks', after mocking such an investment in a recent video.
Increased demand for games sees Gamestop beat its quarterly revenue estimates, causing a spike in the meme stock’s price.
Citadel is pulling back another $500 million from its $2 billion investment in Melvin Capital after redeeming $1 billion in 2021.
Following the GME and AMC short-squeezes, hedge funds are now rarely taking big chances with shorting stocks.
Is Keith Gill's original vision for GameStop to 'reinvent itself' becoming a reality?
GameStop aggressively invested in expanding its business during Q3, which explains its widened losses.
A class-action lawsuit claims to have evidence of collusion between Citadel and Robinhood to manipulate the market.
To become a leader in games distribution, GameStop faces tough competition, as well as being weighed down with the costs of physical stores.
Did the GME/AMC saga cause a mass exodus of users to Fidelity?
In short, threshold securities are those which fail to deliver. What does this mean for the larger $AMC picture?
Despite having ties to regulatory bodies, it seems that some market makers have become too much of a headache.
Cunningham concludes that "meme stock" prices do not reflect the law of supply and demand.