4.6 • 1.3K Ratings
🗓️ 12 June 2024
⏱️ 15 minutes
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0:00.0 | The topic that you and I both talked about last week on our episode of Marketing School |
0:05.3 | that we should probably talk about this week is all the GameStop action. |
0:11.0 | Yeah, I mean we can follow up on that. It's, uh, I mean it can follow up on that. |
0:13.0 | It's, uh, I mean it's gone up and down, up and down, and you want to go first, you want to set the tone on this real quick? |
0:19.0 | Yeah, so what's his handle, roaring kitty or something like that? |
0:24.7 | Roaring kitty I think it's like Kirk Collins or something. |
0:27.8 | So roaring kitty ended up posting how he's going to go live and do a webinar on Friday it's past that deal |
0:33.7 | he's gill so he posted how he's gonna do a live webinar and after hours I think the |
0:39.8 | stock spiked to like 60 bucks, all right? |
0:44.0 | And then Game Stop announce, this is the curveball. |
0:49.0 | They announce they're going to release more shares |
0:52.0 | and get some cash, because why wouldn't they and they also put a |
0:56.6 | disclaimer out there talking about the value of the shares and not necessarily |
1:00.5 | being you know valued correctly based on the company financials and, you know, |
1:07.0 | I think they were just protecting themselves from any legal issues. |
1:11.0 | But, yeah, all of a sudden it caused GameStop to erase the $60 and go back to what it was pre-open. |
1:19.5 | And then I think it went down all the way, what, 20, 30% or was it 40% let's look at it here oh you're not as fast |
1:26.8 | because you're your iPad so five days so it shot up to 61 dollars and just for context on June 5th it was at $26 so then it shot up to |
1:36.5 | 61 and then now Friday it's down to 27 yeah so thing. Yeah. So it's gone up a little bit, you know, from 20 to 27. That's not bad. But it's no 60. And yeah, this roaring kitty guy is still going to make a killing. |
1:53.2 | He's just not going to make as much compared to it with 60 bucks. |
1:56.9 | He didn't do it. |
1:57.6 | I mean, I think the lesson with this one is he built an audience off the Reddit mania and then everyone started to follow him and he kind of held on to it. |
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