Name: Surname:
Gamestop & AMC Entertainment Holdngs Inc. (2021) Robinhood (2021)
Gamestop (11/01/2021 AMC Entertainment
onwards) Holdings Inc. (or AMC
Theatres)
Country USA USA
Creation 1984 1920
Main features Sharp rise in stock prices Largest movie theater
driven by Reddit users.- chain(around 900
"Meme stocks" fueled by theatres). Known by
internet hype. innovations - premium
large-format screens,
loyalty programs.
Meme stocks
Business Video game retail.- Movie exhibition + food
Declining business due to and beverage offerings,
digitalization. digital ticketing and
premium subscription.
Stocks Highly volatile.- Stock Company gained
characteristics prices surged over 1000% notoriety in 2021 during
in January the meme stock
2021.- Increased scrutiny movement, driven by
from hedge funds and retail investors
short-sellers.
Triger events Reddit users (Wal| financial downturns
StreetBets) initiated stock caused by the COVID-
purchases to counter 19 pandemic
short-sellers. Meme stock Rally
Ethics and Finance – Weekly Synthesis 6 – Finance gamification, influencers, social media, and investors’ protection
Name: Surname:
Developments Massive stock price Announced a $1.5
increase, resulting in billion investment plan
hedge fund losses.- to enhance theater
Attention from regulators experiences. It has also
and Congress. embraced
cryptocurrency and
NFTs.
Impact on involved Profits for retail investors.- gains for employers and
parties Losses for short-sellers customers but retail
like investors experienced
Melvin Capital. both significant gains
and losses due to stock
volatility.
Regulatory Hedge funds vs. retail the SEC examined
reactions investors.- Debates about trading patterns during
Conflicts of market manipulation. the meme stock rally to
interests? identify market
manipulation and
ensure transparency.
Shareholder criticisms
emerged regarding
stock dilution due to
frequent share
issuances
Regulatory U.S. Congress hearings.- The meme stock
spillovers SEC investigation into prompted discussions
market manipulation. about stricter
regulations for retail
trading platforms
Echo in the media Significant attention due to attention due to 2021
Reddit and memes.- rally
Nfts and cryptocurrency
Documentaries and acception.
numerous articles.
Ethics and Finance – Weekly Synthesis 6 – Finance gamification, influencers, social media, and investors’ protection