Showing 15 results for:

gamestop

All results

15
Turn Me Up: GameStop, Tupac, And Universal Music Group Are Heating Up The NFT Market

Discussions surrounding non-fungible tokens (NFTs) suggest that the market is volatile and could be facing some significant challenges soon. But the creators entering the NFT community are responding with the words of former Atlanta Housewives star Porsha Williams, “Who said that?” This week, AfroTech learned about several new NFT offerings, and we are here as your trusted guide to give you the rundown of each one.

May 20, 2022

A Few Things We Know About About The Gamestop Stock And Its NFT Marketplace

On March 29, 2022, Gamestop stock ground to a halt on the NYSE. TheStreet reports that stock exchange officials ordered that the popular stock — along with the equally popular, and meme-able, AMC stock — stop its trading on Wall Street, based on the fact that the stocks were trading at a higher-than-usual volume and their prices were fluctuating to the point of volatility. This move, according to the outlet, could result in the successful stock-taking an unprecedented nose dive. “GameStop was last seen trading 6.1% lower on the session at $178.00 each, a move that would still leave the stock up 41% over the past month, while AMC fell as much as 12% before trading 2.1% into the red at $28.80 each,” reports the outlet. This bit of news could come as shock to investors, who may have been under the impression that the stock would rally amidst growing reports of their new NFT marketplace. With this in mind, we decided to put together a brief primer for everything you need to know about...

GameStop Rumors Include A New NFT Marketplace And Funds Of Up To $100M For Creators

GameStop may be in for the long haul. According to an undisclosed source, the company is looking to create a non-fungible token (NFT) marketplace as early as this year. GameStop experienced a massive boom in the stock market following a frenzy originating on Reddit in 2021. The sudden wave in buying led to a shortage among hedge funds which only propelled the movement further, causing stocks to skyrocket over 687 percent by the end of that year, CNBC reports. It’s to no surprise investors have been speculating what the next move may be for GameStop, which reportedly closed nearly 1,000 stores by the end of 2021. Now, Fortune reports, GameStop has shifted its focus from its brick-and-mortar shops to tap into the increasingly popular cryptocurrency wave. And, what’s more, this could be a smart move since the NFT market value is $22 billion, according to The Guardian.

Jan 7, 2022

This 10-Year-Old Went Viral For Cashing Out After His Mom Gifted Him GameStop Shares For Kwanzaa

This fifth-grader is cashing out thanks to his mom! To celebrate Kwanzaa back in 2019, Nina Carr gifted her son, Jaydyn, ten shares of GameStop stock, according to Black Enterprise. The gift paid off because, last week, shares of the video game retailer increased over 1500 percent, allowing the 10-year-old to cash in over $3,000 in profits.   View this post on Instagram   A post shared by OnTheDotTv (@onthedottv) Last week the popular Reddit forum, WallStreetBets, stirred up a frenzy that led to investors hitting millions in minutes! Black Enterprise reports a community of traders led a buying strategy that caused GameStop’s price to soar with stock prices going from approximately $18 per share at the start of the year to a 52-week high of $483 on Thursday. “My phone was going off because I have GameStop on my watch list,” Nina tells The San Antonio Express-News. “I was trying to explain to him that this was unusual, I asked him ‘Do you want to stay or sell?'” For Jaydyn, he didn’t...

Feb 1, 2021

New To Investing And Thinking About Investing In AI? Here's What To Know

Gmail users may have been confused when they opened their email accounts and saw pop-ups about Gemini . Instead of Google sending out big “coming soon” announcements about their next-gen flagship artificial intelligence (AI) model, Gmail users just saw a subtle star in the right-hand corner of their screens. With Gemini, ChatGPT and China’s DeepSeek, along with plenty of other programs, it’s clear that AI is sticking around for the long haul. So is it worth newbie investors investing in AI, and how is this possible to do anyway? African-American Investors Are Getting Younger A new report from Financial Industry Regulatory Authority’s (FINRA) confirmed that African-Americans tend to be much younger than white investors, with 49% of African-American investors between the ages of 18-34 while 51% of white investors were ages 55 and older. Growing up in a tech-dominant age, African-American investors are using social media to get their investment education and to learn about trading...

Simon Guobadia Net Worth: A Deep Dive Into The Businessman’s Wealth

Simon Guobadia is a successful entrepreneur, film producer, and philanthropist who gained widespread recognition in recent years, partly due to his appearances on the reality TV show “ The Real Housewives of Atlanta ” and his high-profile relationship with Porsha Williams . As of 2024, Simon Guobadia’s net worth is estimated to be around $40 million. This wealth is primarily derived from his various business ventures, investments, and production projects, showcasing his savvy as a businessman and investor. Early Life And Career Beginnings Simon Iyore Guobadia was born in Nigeria and later moved to the United States to pursue his education and career. He attended the University of the District of Columbia, where he studied accounting, laying the foundation for his future endeavors in finance and entrepreneurship. Simon began his professional career in corporate America, working as a tax manager at various firms, which provided him with a strong understanding of business operations...

Oct 4, 2024

Porsha Williams Net Worth: A Look At Her Wealth And Success

Porsha Williams is a well-known television personality, actress, and businesswoman who rose to prominence through her appearances on The Real Housewives of Atlanta (RHOA). Over the years, she has built a considerable net worth through her television career, entrepreneurial ventures, and various endorsements. As of 2024, Porsha Williams’ net worth is estimated to be around $6 million, reflecting her financial growth and business savvy. Early Life And Background Porsha Stewart, now Porsha Williams Guobadia, was born on June 22, 1981, in Atlanta, Georgia . She comes from a notable lineage, as her grandfather, Hosea Williams , was a prominent civil rights activist who Martin Luther King fondly referred to as “my wild man, my Castro” due to how effectively he could organize a protest. Porsha’s upbringing and her family’s background instilled in her a sense of ambition, which would later drive her success in both the entertainment industry and business. Television Career And Rise To Fame...

Oct 1, 2024

Are Meme Stocks Too Volatile To Invest In?

Meme stocks are stocks influenced by viral social media trends and online forums rather than traditional stock market forces, though their prices often experience surges and dips. Meme stock became a phenomenon in 2020, when retail traders on Reddit’s WallStreetBets (WSB) forum mass purchased shares of GameStop (GME) in bulk, in a bid to save the video game retailer. This strategy led to a spike in GameStop’s stock price, attracting media interest and a new way to invest. Other known stocks have followed the GameStop stock trend and have become known as meme stocks, due to their popularity being driven by memes and trends. Here’s everything you need to know about meme stocks before you decide to invest in them. Meme Stock’s Volatility They are characterized by high volatility. Their wild price swings, often rise or fall by large percentages in a single trading day. The price movements of meme stocks are primarily driven by retail investors rather than institutional investors. Online...

May 23, 2024

What Is The Fear And Greed Index In Bitcoin And Stocks?

Not everyone is an investor. But thanks to platforms like Public and Robinhood , you do not have to have a degree in economics or work at Goldman Sachs to get in on the stock market action. Once reserved for only the most savvy of analysts and the wealthiest of investors, the playing field is far more level — at least in terms of accessibility. However, having access to opportunities and knowing what to do with them are two very different stories. In particular, there is something known as the Fear and Greed Index (developed by CNN) and it directly impacts how successful one can trade traditional stocks or even crypto currencies like Bitcoin. So, if traders are ready to dabble those toes into the stock market, crypto, or both, keep on reading to learn about this critical tool. What Is The Fear And Greed Index? Whether a person is trading crypto or traditional common stocks , the Fear and Greed Index is a trading tool that helps decide when to jump into a commodity, when to hold it...

Summer Time Vibes: How Pharrell Williams, This Cigar Club, And More Are Launching NFTs To Start The Season

Kandi Burrus’ “legs and hips and body, body” may have the internet in a proverbial chokehold right now just ahead of the summer, but that’s no competition for the viral hype of non-fungible tokens (NFTs). Kandi Burruss Rhoa GIF from Kandi Burruss GIFs As we head into Memorial Day weekend activities, we couldn’t leave you without some insight into the latest collections to join the NFT community. Check out the newest NFTs we’ve been watching.

May 27, 2022

Here's How Michael Jordan's Children Are Keeping His $1.6B Legendary Legacy Alive

While Michael Jordan is one of the most decorated basketball players in history, he is also one of the sport’s few billionaires. According to the Chicago Sun-Times, Jordan has a net worth (as of 2021) of $1.6 billion. While that’s far from a shabby number, the outlet points out that that it’s still a $500 million drop from what his net worth was in 2020. And the reason behind the drop? The GameStop saga. “Two years ago, Jordan — the majority owner of the Hornets since 2010 — sold a minority share of the Hornets to two investors. One of them was Gabe Plotkin, founder and chief investment officer of Melvin Capital, a hedge fund that required billions in additional cash after incurring major losses due to a short squeeze of GameStop stock by groups of retail investors,” the outlet reported. Despite this hit, Michael Jordan still isn’t suffering by any means. During his career, his salary totaled $90 million. He’s involved with the DraftKings, he’s a NASCAR team co-owner, and his deal...

We Have More Questions Than Answers Following the Recent Robinhood Hearing

“Just answer yes or no,” California Rep. Maxine Waters repeatedly said in a recent hearing, “I’m reclaiming my time.” This was Waters’ mood the entire time she questioned Robinhood CEO Vlad Tenev during the “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide,” virtual hearing on Thursday, Feb. 18. Tenev and a group of other CEOs and financial experts were called to testify before the U.S. House Committee on Financial Services following the events of the stock market frenzy on Jan. 25. That frenzy came after the Reddit group of young day-to-day traders called WallStreetBets caught wind of hedge fund short sellers in GameStop last month. When WallStreetBets shared its findings on Reddit, retail investors began grabbing GameStop stock up, driving its share price through the rough, and ultimately costing some hedge funds millions of dollars. Check out what Black millennials had to say about this debacle. Despite this being absolutely legal,...

Feb 19, 2021

FinTech Rock Star Rosetta Bryson Founded Simple Trader Pro to Empower Aspiring Black Traders

If there’s nothing else that the GameStop stock drama taught us, it’s that the stock market is there for, literally, everyone to get a piece of, regardless of how much — or little — money they have. For FinTech rock star Rosetta Bryson, however, investment in the stock market isn’t wise unless there’s sufficient education, and intent to build generational wealth, behind it. “Thanks to recent events, of course, we’re under the impression that we can day-trade our way into riches,” she told AfroTech exclusively. “And, yes, that’s true. But for those of us that think in the long-term — in terms of generational wealth — there are other ways to get into the ‘game’ of the stock market, mutual funds, and other investments.” Thus, Bryson created Simple Trader Pro. Unlike other apps, Simple Trader Pro prides itself on providing accessibility — specifically, by providing access to knowledgeable traders. Rather than casting people to the proverbial wind when it comes to investing, Bryson says...

Will Black Millennials Ever Trust Robinhood Again?

Free-trading app Robinhood has been under fire for over a week now after it halted purchases of GameStop stock last week. Though the creators behind the app pride themselves on making a platform for “investing for everyone,” Robinhood brings in a big community of Black millennial investors that may take their money elsewhere following recent antics. As a quick refresher, a group of young day-to-day traders called WallStreetBets caught wind of hedge fund short sellers in GameStop last month. WallStreetsBetts shared its findings on Reddit and ultimately promoted young investors in its group to invest in GameStop stock, driving the share price up by 134% at one point, CNN reports. This uptick in GameStop’s stock price costs those hedge funds up to $70 billion in losses , according to Reuters. As a response to this frenzy with GameStop, Robinhood temporarily halted purchases of GameStop stock and a list of other stock on its app last week to manage the risk of a stock market crash. As a...

Feb 3, 2021

30 Quick Ways to Make Money in The Next 30 Days

What would you do with an extra $500? Kickstart your emergency fund ? Finish paying off one of your credit cards? Or would you need the money to pay your bills? According to the Federal Reserve, 44 percent of American adults would have difficulties handling an unexpected expense of $400. I remember the days when I looked ahead to the end of the month with disappointment, knowing that my money would run out before I got there. To stave off some of those feelings of fear, I began looking for ways to make money. Quick ways to make money in 30 days When facing a difficult financial situation, you might have a bit of time to make ends meet. If you have 30 days to get back into good standing — or even if you’re just looking for a regular way to make an extra $500 each month to meet your goals faster — there’s good news. The following ideas can be quick ways to make money. Do two or three items on this list, and you could earn $500 by the end of the month. Start by selling something Some...

Apr 10, 2020