ChrisAndDebbie (@ChrisAndDebbie)

People talked about $GME a whole bunch in January, but I don't think you realize just what is happening in the market and how this one stock could result in the greatest transfer of wealth in human history... so, I give you this thread: Why is GameStop a game changer? It all begins with the fact "retail is dying" people buy things online, games now have downloadable content and you don't need to by disks or cartridges any more. So, people don't visit the store as often. The storefronts are tired and 20 years old, and profits were spent on buying back 30$ of its stick to keep the price from dropping so much they get delisted. They went from 100 million shares to 70 million shares (20 million of which are owned by insiders and can't be freely traded). Then about 35 million of the remaining 50 million shares are owned by big investment and index funds, while the remaining 15 million shares are owned by retail investors. Average folk like you and me who are too poor to be invited by a hedge fund but put these shares in our meager portfolios or 401k. https://www.forbes.com/sites/georgecalhoun/2021/03/05/gamestopgamestonk-has-nothing-to-do-with-the-madness-of-crowds/?sh=52ad50125d0b https://threadreaderapp.com/thread/1367743123279867909.html https://twitter.com/TheHoustonWade/status/1367743123279867909