Investor ringingbells posts the following Congress was NOT informed during the Congressional GameStop Hearings focusing on the Multi-Broker GME Buy Freeze. This is the tip of the ice-burg.
This happens soon after Ryan Cohen is appointed as new CEO and the stock price drops dramatically on seemingly no news.
This begs the question for many, “Why so mad?”. If GameStop is failing, if GameStop is doomed to fail, if GameStop investors are going to lose all their money, why do so many people care? Why do so many people get angry? Why so serious?
As one reddit user put it “The same Ryan Cohen that took on Amazon and won”. This could be a reference of how Ryan Cohen started Chewy.com and cornered the market as Chewy.com CEO.
This meeting has absolutely NOTHING to do with GameStop. It is supposed to be about proposed rules for a fairer market. What could possibly be the reason for arguing against those rules and even go so far as to mention GameStop? As far as the thousands of media articles and newscasts are concerned, GameStop is […]
The media is practically guaranteeing that GameStop will fail at this point. But if that is the case, why would board members keep buying?
It is speculated that all these articles are being done to dissuade new investors from investing in GameStop.
This would be similar to voting and then having your vote removed by the group who is in charge of organizing the voting event.