GameStop's stock price has skyrocketed, what do you think is the reason?

Game Station is a company that operates a traditional gaming retailer, with its main place of business located in the United States, and its main form of operation is brick-and-mortar stores.

Because of the impact of Internet e-commerce platforms and online gaming platforms, its business situation has been deteriorating. Although it has not yet reached the level of loss, but its profitability does appear to be a bit miserable.

Nostalgia

But it can serve as a symbol of nostalgia for this era and for adults. Because, in many people's childhood life, the video games he or she played, more or less, with the ? Game Stage? the retail chain store.

Because of the? New Crown Epidemic? more people stopped going out, and more people had to shift their time to the internet.

The popularity of various forums continues to soar. No matter newcomers or old people, if it is possible to find a topic that will make them talk to each other, then the game should be considered a good choice.

Extending from the game, people reminisce about the past, and naturally discuss the ? Gaming Post? the retail store.

Spending money

It just so happens that ? Game Station? is also an old, publicly traded company.

We know that if people don't have a way to go out, then it's difficult to release his their desire to spend money. Or rather, just through the various types of e-commerce platforms, it is simply not enough to release.

At this point, a large amount of money in the hand, may look for other ways to spend out.

Game Stage? , in this online public opinion, on the fortunate or unfortunate, become many of our American netizens, spending subject ?

Stocks

In the cloudy reality of economic performance, netizens vehemently discussed their childhood memories of fun, the characters in one game, the publicly traded company that retails game software, and Wall Street's manipulation of the stock market.

It was like stirring up a chaos effect. What started out as a very casual discussion spread to become the news of the news, and the news of the news, at the right time and in the right place.

Many of the people, drawing on the resistance of nowhere to consume, will ? consumer behavior? incredibly shifted to the stock market? Here, of course, the act of spending money is seen as becoming an ? investment?

People acted on the heated discussion and kept buying up? GameStation? s stock, which eventually drove its price to skyrocketing, unbelievable levels.

Outlook

From $20, it went to $428 in less than 10 days!

Yes, because our U.S. stocks don't put a limit on how much they can go up, they ended up helping to fulfill an upward miracle fueled by the netizens.

Of course, because there is no limit on declines, I'm sure it will soon help bring about another downward miracle.