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BlackRock may have raked in $2.4 bln on GameStop's retail-driven stock frenzy
deleted.comBlackRock Inc, the world's largest asset manager, could have made gains of about $2.4 billion on its investment in GameStop Corp as retail investors pour money into the video-game retailer's shares. Assuming no change in BlackRock's position, the value of its stake would be worth $2.6 billion now, compared with $173.6 million as of December. GameStop's stock has surged nearly 700% in the past two weeks in a rally fueled by interest from amateur investors on Reddit, forcing hedge funds to retreat from heavy losses and sparking calls for scrutiny of the social media-driven trading frenzy.
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I mean the whole system sucks the wealths not gonna always go where it should. In fact it doesn’t by design! We should do some DD on blackrock because maybe they’re shorting something harder than they should or have some other vulnerabilities. Or if nothing else know thy enemies right?
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Maybe if we all invest in carnival cruise lines....
Arent they the motherfuckers who bought everyone's DNA
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That's confusing