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As a result, GameStop's stock price declined, leading many institutional investors to believe it would continue falling, thus short-selling the stock. On January 22, 2021, approximately 140 percent of GameStop's public float had been sold short, meaning some
GameStop: Rise of the Players is a 2022 American documentary film directed by Jonah Tulis and produced by Blake J. Harris, who worked on Console Wars together. Synopsis. The documentary chronicles the GameStop short squeeze of 2021 which saw GameStop 's stock rise over 2,500% amidst rampant volatility.
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History. Business operations. Controversy. Corporate affairs. See also. References. External links. GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. [1] . The company is headquartered in Grapevine, Texas (a suburb of Dallas ), and is the largest video game retailer worldwide. [2] .
- Early Life and Education
- Career
- Personal Life
Raines was born in 1964 in Costa Rica and raised in Atlanta, Georgia as an only child. His mother, of Costa Rican descent, worked as a secretary and occasional translator, and his father, a Vietnam War veteran, became a district manager for a major convenience store operator, after a career in the United States Navy. Raines spent his summers in Cos...
Raines worked for 10 years at Kurt Salmon, 4 years at L.L.Bean, followed by 8 years at The Home Depot, where he was executive vice president for U.S. stores and president of the more than 2,000-store Southern division. There, in 2005, he prepared for Hurricane Katrinaby preparing extra supplies and generators to run the stores in the storm's strike...
Raines was married to Claudia, a native of Chile, and had two children: Victoria and Julian. In 2008, they moved to Southlake, Texas.To understand his customers and to have fun, Raines played video games for 4 hours each week. Raines funded scholarships for Hispanic students at Georgia Tech and created GameStop's Gamer Fund to help employees in tim...
His analyses of GameStop stock (NYSE: GME) and details of his resulting investment gains—posted on Reddit under the username DeepFuckingValue (DFV) and on YouTube and Twitter as Roaring Kitty—were cited as a driving factor in the GameStop short
It explores the causes that lead to the 2021 GameStop short squeeze, and the dark underbelly of Wall Street that the phenomenon unearthed: payment for order flow, creative accounting, abuses of the short selling mechanism like naked short selling, corporate .
Executive Chairman of GameStop (2021–present) Signature. Ryan Cohen (born 1985 or 1986) is a Canadian entrepreneur and activist investor. [2] [3] He founded e-commerce company Chewy in 2011, and was the company's chief executive officer (CEO) until 2018. Cohen is the chairman and CEO of GameStop.
