{"id":178981,"date":"2021-01-28T02:51:35","date_gmt":"2021-01-28T02:51:35","guid":{"rendered":"https:\/\/gamerant.com\/gamestop-stock-surge-alexandria-ocasio-cortez\/"},"modified":"2021-01-28T02:51:35","modified_gmt":"2021-01-28T02:51:35","slug":"aoc-weighs-in-on-gamestop-stock-situation-game-rant","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/01\/28\/aoc-weighs-in-on-gamestop-stock-situation-game-rant\/","title":{"rendered":"AOC Weighs In on GameStop Stock Situation | Game Rant"},"content":{"rendered":"<p class=\"syndicated-attribution\"><meta name= \\\"keywords \\\" content= \\\"\u96fb\u5b50\u8a08\u7b97\u6a5f, \u6559\u80b2, IT \u96fb\u8166\u73ed,\u96fb\u8166\u88dc\u7fd2\uff0c \u96fb\u8166\u73ed\uff0c \u5bb6\u6559\uff0c \u79c1\u4eba\u8001\u5e2b\uff0c \u8cc7\u8a0a\u6280\u8853\uff0c \u7a0b\u5e8f\u8a2d\u8a08\uff0c \u96fb\u5b50\u8a08\u7b97\u6a5f\uff0c \u904a\u6232\uff0c \u860b\u679c\uff0c \u96fb\u5f71\uff0c \u8a08\u7b97\u6a5f\uff0c\u7de8\u78bc\uff0c Java\uff0c C\/C++\uff0c JavaScript\uff0c PHP\uff0c HTML\uff0c CSS\uff0c MySQL\uff0c mobile\uff0c Android\uff0c \u52d5\u6f2b\uff0c Python\uff0c teacher\uff0c \u88dc\u7fd2\uff0c \u96fb\u8166\u88dc\u7fd2 \u8cc7\u8a0a, \u7535\u5b50\u8ba1\u7b97\u673a, IT ,Game, apple, movie, Computer,student,Java,\u6559\u80b2, ,\u5b66\u751f, \u5b66\u4e60, learn, \u6559\u5b66,  Android, apple,anime, animation, \u4fe1\u606f\u6280\u672f, \u7a0b\u5e8f\u8bbe\u8ba1, \u79fb\u52a8\u7535\u8bdd, \u8cc7\u8a0a\u79d1\u6280,Game, Jeu, Juego,Call Of Duty ,\u4f7f\u547d\u53ec\u559a , \u6e38\u620f, \u7535\u5b50\u6e38\u620f,, \u591a\u4eba\u7535\u5b50\u6e38\u620f, \u7f51\u7edc\u6e38\u620f\uff0conline\uff0conline game, \u624b\u673a\u6e38\u620f, mobile \\\"><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/static0.gamerantimages.com\/wordpress\/wp-content\/uploads\/2021\/01\/game-stop-logo-.jpg\"\/><\/figure>\n<p>New York Rep. Alexandria Ocasio-Cortez criticized investors and hedge fund managers for ridiculing Reddit day traders who drove up <a href=\"https:\/\/gamerant.com\/tag\/gamestop\/\">GameStop<\/a>\u2019s stock in recent days.<\/p>\n<p>It is no secret that GameStop has struggled in recent years as gamers have turned away from brick-and-motor stores in favor of online marketplaces. The retailer\u2019s stock price hit a low of $3 last summer and began the new year at under $20, and <a href=\"https:\/\/gamerant.com\/gamestop-holiday-sales-down-2020\/\">GameStop recently announced its sales were down over the holiday season<\/a>. But things changed last week when a group of day traders from the popular subreddit r\/wallstreetbets began purchasing stock\u00a0enmasse, causing GameStop\u2019s stocks to soar to nearly $350 as of Wednesday afternoon.<\/p>\n<p><span class=\"related-single\"><strong>RELATED: <a href=\"https:\/\/gamerant.com\/gamestop-store-closures-rc-ventures\/\">Major GameStop Investor Requests More Store Closures<\/a><\/strong><\/span><\/p>\n<p>While some <a href=\"https:\/\/gamerant.com\/redditor-makes-11-million-dollars-gamestop-stock-surge\/\">Reddit day traders have made huge profits<\/a>, at least temporarily, the rally has sent hedge funds and investors who were shorting GameStop\u2019s stock into a tailspin. Many publicly criticized the Redditors, including \u201cBig Short\u201d investor Michael Burry, who called the surge \u201cunnatural, insane and dangerous.\u201d Ocasio-Cortez also weighed in, slamming investors who she said \u201chave a long history of treating our economy as a casino.\u201d<\/p>\n<p><iframe loading=\"lazy\" width=\"320\" height=\"320\" frameborder=\"0\" src=\"https:\/\/twitter.com\/AOC\/status\/1354536220110577664\" frameborder=\"0\"><\/iframe><\/p>\n<p>A number of politicians and lawmakers have weighed in on the GameStop situation. Sen. Elizabeth Warren of Massachusetts also commented on the GameStop situation by comparing hedge fund investors to casino gamblers. &#8220;For years, the same hedge funds, private equity firms, and wealthy investors dismayed by the GameStop trades have treated the stock market like their own personal casino while everyone else pays the price,\u201d she said. <a href=\"https:\/\/gamerant.com\/gamestop-stock-price-explained-biden-administration\/\">The White House announced that it was \u201cmonitoring\u201d the surge<\/a>.<\/p>\n<p><iframe loading=\"lazy\" width=\"320\" height=\"320\" frameborder=\"0\" src=\"https:\/\/twitter.com\/SenWarren\/status\/1354520784765673472\" frameborder=\"0\"><\/iframe><\/p>\n<p>Before the surge began, several people on the internet, including those on <a href=\"https:\/\/gamerant.com\/gamestop-stock-reddit\/\">r\/wallstreetbets, criticized hedge funds<\/a> for \u201cshorting\u201d GameStop stocks. \u201dShorting\u201d involves borrowing a struggling company\u2019s shares to sell them with the intention of buying them back at a lower cost when the company\u2019s share price falls. This can generate billions of investors, but it also has the potential to cost them a virtually infinite amount of money if the stocks they purchase happen to go up in price rather than down.<\/p>\n<p>That is what happened to Melvin Capitol, one of hedge funds that was shorting GameStop\u2019s stock. The Wall Street firm closed out its short position after losing 30% of the $12.5 billion that it manages this year.<\/p>\n<p>It is unclear what motivated the day traders to drive up GameStop\u2019s stocks. A pair of analyst\u2019s from Business\u00a0Insider claim that the surge was driven by a number of factors, such as how GameStop\u2019s stock jumped earlier this month after the <a href=\"https:\/\/gamerant.com\/gamestop-board-of-directors-pet-food-billionaire\/\">cofounder of an online pet store bought a 12% stake in the company<\/a>, making GameStop seem like a promising investment. They also claim that it was partly driven by the desire to publicly embarrass the investors who were shorting GameStop, particularly Melvin Capital.<\/p>\n<p><span class=\"next-single\">MORE: <a href=\"https:\/\/gamerant.com\/amc-stock-reddit-traders\/\">AMC Stock Surges Due To Reddit Traders<\/a><\/span><\/p>\n\n<p class=\"syndicated-attribution\"><figure class= \\\"wp-block-image alignnone \\\"><img src= \\\"http:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-content\/uploads\/2016\/05\/logo2-2.png\\\" alt=\\\"IT\u96fb\u8166\u88dc\u7fd2 java\u88dc\u7fd2 \u70ba\u5927\u5bb6\u914d\u5c0d\u96fb\u8166\u88dc\u7fd2,IT freelance, \u79c1\u4eba\u8001\u5e2b, PHP\u88dc\u7fd2,CSS\u88dc\u7fd2,XML,Java\u88dc\u7fd2,MySQL\u88dc\u7fd2,graphic design\u88dc\u7fd2,\u4e2d\u5c0f\u5b78ICT\u88dc\u7fd2,\u4e00\u5c0d\u4e00\u79c1\u4eba\u88dc\u7fd2\u548cFreelance\u81ea\u7531\u5de5\u4f5c\u914d\u5c0d\u3002\\\"\/><figcaption>\u7acb\u523b\u8a3b\u518a\u53ca\u5831\u540d\u96fb\u8166\u88dc\u7fd2\u8ab2\u7a0b\u5427!<\/figcaption><\/figure>\r\n<\/br>Find A Teacher Form:\r\n<\/br>https:\/\/docs.google.com\/forms\/d\/1vREBnX5n262umf4wU5U2pyTwvk9O-JrAgblA-wH9GFQ\/viewform?edit_requested=true#responses\r\n<\/br><\/br>Email:\r\n<\/br>public1989two@gmail.com<br><br><br><br><br><br><br>\r\n<a href=www.itsec.hk style=color:#FFFFFF;>www.itsec.hk<\/a><br>\r\n<a href=\\\"www.itsec.vip\\\" style=color:#FFFFFF;>www.itsec.vip<\/a><br>\r\n<a href=\\\"www.itseceu.uk\\\" style=color:#FFFFFF;>www.itseceu.uk<\/a><br><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>New York Rep. Alexandria Ocasio-Cortez weighs in on the side of the Reddit day traders who are driving up the price of GameStop&#8217;s stocks.<\/p>\n<\/div>","protected":false},"author":666,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"AOC Weighs In on GameStop Stock Situation | Game Rant - ITTeacherITFreelance.hk","description":"New York Rep. Alexandria Ocasio-Cortez weighs in on the side of the Reddit day traders who are driving up the price of GameStop's stocks."},"footnotes":""},"categories":[607],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/178981"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/666"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=178981"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/178981\/revisions"}],"predecessor-version":[{"id":178982,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/178981\/revisions\/178982"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=178981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=178981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=178981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}