The GameStop stock situation continues to change and evolve day-to-day, hour-to-hour. After reaching some extraordinary highs, GameStop’s stock price fell dramatically this week. Today, the stock rallied, but it is still a volatile situation. The big push on GameStop stock was initiated by the subreddit r/wallstreetbets, but as it pulled more people in, knowing when to cash out or stop treating the market like a game became harder to figure out. As a result, Twitch streamer xQc took some shots at folks who held on too long.
The controversial French-Canadian streamer isn’t afraid to speak his mind. Instead of steering clear of hot button topics, like many streamers tend to do, xQc welcomes the opportunity to give his opinion on an issue. After fellow streamer C9 Ziqo was banned from Twitch, xQc had something to say. His outspokenness is part of his persona, and it seems to be something that draws his fans in.
In his latest stream, xQc weighed in on the GameStop situation, saying that he told people to sell when the stock was riding high on January 27th, and that this huge drop was entirely foreseeable. xQc is not an expert, and doesn’t claim to be, but his prediction was right on the money, so he decided to gloat a little about it. He mocks the people who were certain the stock would continue to rise, when they could have cashed out like Michael Burry who made $270 million off of the GME stock.
While xQc’s comments aren’t necessarily offensive, the mockery is certainly part of the brand. Riffing off-the-cuff and losing his cool is part of xQc’s reputation. It leads to incidents where his army of fans take their fandom a little too seriously and harass streamers, like Ash_on_lol, who received death threats from xQc fans after an incident in the game Rust.
It may seem to be a back and forth with xQc. Strong opinions and accusations fly out of his streams, alongside worthwhile points. His recent push to have folks who watch him donate to smaller Twitch streamers is the better side of xQc that needs a little more screen time.
While xQc wasn’t the only person to suggest that people needed to get their money out of GameStop stock when it was on it initial upward climb, a number of people did hold on to the stock a little too long. This is likely a plot thread that will likely turn up in the movie about Reddit and GameStop already in the works.
Source: Dexerto
![\"IT電腦補習](\"http://itteacheritfreelance.hk/test/wordpress/wp-content/uploads/2016/05/logo2-2.png\"){kind=logo}
www.itsec.hk
www.itsec.vip
www.itseceu.uk
Leave a Reply