Author: Joe Fonicello
If you’ve been following along, the stock/borrow and market structure anomalies around GME are bigger stories than the price volatility. A lot of respect and credit to the folks behind this site for pulling those threads together.
Not enough people are talking about this. Would it be okay if 1%, 2%, 4% of your bank deposits failed to show up? If 3% of airplanes crashed?
Yesterday, we covered Ryan Cohen‘s mysterious following of Roaring Kitty, the beloved $GME investor icon. Since our post, Cohen has unfollowed Roaring Kitty, along with The Wall Street Journal and Financial Times.
We hate to sound like gossipers, but the new follows are intriguing and worth keeping track of.
On February 3rd, GameStop hired Matt Francis, Amazon Web Services’ engineering lead, for a newly created Chief Technology Officer position. The following day, Ryan Cohen follows Steam, Electronic Arts, SEGA, Call of Duty, EA Sports, Xbox, and PlayStation on Twitter.
On October 8th, 2020, GameStop announced a strategic partnership with Microsoft/Xbox . Is it possible that there is a tech partnership with one of these companies in the works as well? We’re not sure.
We know that Cohen has been silent throughout all of the recent price action, and that he could be using his following as a way to communicate with his base.
Let us know what you think in the comments.
Ryan Cohen, our favorite visionary behind the rebirth of GameStop into an omnichannel video game giant, just followed Roaring Kitty. Is this Ryan Cohen’s way of saying thanks, or is it a nod to “follow” his guidance and hold?
Either way, we appreciate Ryan Cohen acknowledging our friend, and look forward to seeing what’s next for the two of them.
GameStop Corp. today announced that it has appointed Matt Francis to the newly-created role of Chief Technology Officer. Mr. Francis has a start date of February 15, 2021.
Mr. Francis brings more than two decades of experience in e-commerce and consumer technology to GameStop. Most recently, he was an Engineering Leader at Amazon Web Services… At GameStop, Mr. Francis will be responsible for overseeing e-commerce and technology functions.
The RC Ventures transformation is starting to to be recognized by the mainstream.
Billionaire entrepreneur Mark Cuban, Dallas Mavericks owner, calls into ‘Squawk Alley’ on CNBC to defend his thoughts on GameStop investors and share some of Ryan Cohen’s story.
Ryan Cohen has had success with Chewy.com, now he put up a lot of his own money and bought 12 – 13% of the company. Now, he’s truly an owner.
Owning that much stock, he put himself on the board, he put other individuals on the board.
Mark Cuban takes his final minutes on the program to explain supply and demand, a concept that seems foreign to most of the talking heads.
Michael J. Burry of the ‘The Big Short’, and former GameStop investor, can’t stop tweeting about GME. Despite his initial spite of the price action, it seems he’s changed attitudes and is referring to it as “a uniquely perfect set up.”
There really can’t be another GME. Nothing else is/was even close to as shorted (100+% of float), so small (microcap) and so hated/ignored/dismissed prior to the #thebigshortsqueeze. It was a uniquely perfect set up. There won’t be another like it. Much like #thebigshort.
In this clip from What’d You Miss? on Bloomberg TV, GMEdd.com Contributor Rod Alzmann discusses how GameStop soared 400% this week even as brokerages including Robinhood Markets clamped down on retail trades that burned short sellers and hedge funds. Rod Alzmann also shares about his investing commitment to GameStop that traces back to 2017.