Tuesday, July 27

Gamestop

AMC Entertainment, dot-com bubble, Financial Crisis, Gamestop, Housing Bubble, Markets, Meme stocks, MI Exclusive, Michael Burry, Scion Asset Management, The Big Short

‘Big Short’ investor Michael Burry compared the meme-stock craze to the dot-com and housing bubbles — and warned of an impending crash

Michael Burry said the meme-stock craze reminded him of the dot-com and housing bubbles. "The Big Short" investor predicted the buying frenzy would end in a brutal crash. Burry also explained why becoming a meme stock can be a huge boon for a company. LoadingSomething is loading. ...
AMC Entertainment, dot-com bubble, Financial Crisis, Gamestop, Housing Bubble, Markets, Meme stocks, MI Exclusive, Michael Burry, Scion Asset Management, The Big Short

‘Big Short’ investor Michael Burry compared the meme-stock craze to the dot-com and housing bubbles-and warned of an impending crash

Michael Burry. Photo by Kevin Mazur/WireImage Michael Burry said the meme-stock craze reminded him of the dot-com and housing bubbles. "The Big Short" investor predicted the buying frenzy would end in a brutal crash. Burry also explained why becoming a meme stock can be a huge boon for a company. See more stories on Insider's business page. Michael Burry warned the frenzied buying of meme stocks reminded him of the dot-com boom and housing bubble in a recent Barron's interview, and predicted the social-media favorites would plummet in value soon.The Scion Asset Management chief noted the people who went all-in on technology stocks at the turn of century, and those who took out massive loans to buy multiple homes in the mid-2000s, didn't expect the good times to end. Meme -stock i...
AMC Entertainment, BlackBerry, E-Commerce, Gamestop, Markets, Meme stocks, Reddit, short squeeze, Tesla, Wall Street Bets

ContextLogic jumps 22% as Redditors highlight it as a meme-stock play for the week

ContextLogic, the e-commerce company that runs the Wish platform, rallied 22% Monday. The company was the top-hyped stock on Reddit investing threads like Wall Street Bets. "Wish is the play this week," said one Redditor. See more stories on Insider's business page. Shares of ContextLogic jumped as much as 22% Monday, as retail traders on Reddit investing threads touted the e-commerce stock as the play for the week. ContextLogic, the San Francisco, California-based company that operates the Wish ecommerce platform, was the top-hyped stock on Reddit investing threads like Wall Street Bets Monday, according to data from HypeEquity....
Bitcoin, cryptocurrency, Gamestop, Markets, Meme stocks, MI Exclusive, Michael Burry, Recession, Scion Asset Management, short squeeze, Stock market bubble, Tesla, The Big Short

‘Big Short’ investor Michael Burry warns the’mother of all crashes’ is coming-and predicts crypto and meme stocks will plummet

"The Big Short" investor Michael Burry. Getty Images/ Astrid Stawiarz Michael Burry predicted meme stocks and cryptocurrencies will plummet. "The Big Short" investor warned the "mother of all crashes" is coming. Burry pointed to excessive leverage as a major problem for crypto. See more stories on Insider's business page. Casual investors buying meme stocks and cryptocurrencies are signing up for devastating losses, Michael Burry warned on Thursday."All hype/speculation is doing is drawing in retail before the mother of all crashes," the investor tweeted. "When crypto falls from trillions, or meme stocks fall from tens of billions, #MainStreet losses will approach the size of countries."Burry added that people's fear of missing out has propelled asset prices to unsustainable leve...
Gamestop, MGM, Netflix, Noticias, películas, Tendencias, Wall Street

Netflix and MGM prepare a film about the drama GameStop | Digital Trends Spanish

The story is from a movie and it will be a movie. According to reports published by the media specialized in entertainment Deadline, Netflix and MGM are in negotiations to produce movies about the retail investors who bet on the bankruptcy of the video game store GameStop. According Deadline, in the case of Netflix The negotiation includes the scriptwriter Mark Boal, responsible for films such as The Hurt Locker Y Zero Dark Thirty. The film would star Noah Centeno, who participated in the Netflix production To all the boys I've Loved. In the case of MGM, the negotiation would seek to secure the film rights of the book The Antisocial Network from the prolific author of The New York Times Ben Mezrich. If it materializes, it would be the second time that one of Mezrich's novels has re...