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GameStop stocks go up 100% again! - And they said Bitcoin was easy to manipulate?

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@fredrikaa
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If you're on Hive and LeoFinance then for sure you've also heard about the absurd stock value gains made by the company GameStop recently following a short squeeze coordinated on Reddit. Today, it seems like we're ready for round two. So buckle up!

The stock value of GameStop as of Wednesday 24. February after closing according to Google

As of today's closing just half an hour ago, the price of the stock has pretty much doubled. But it doesn't end there. The aftermarket trades show the stock so far going up an additional ~40% as of this writing.

It's funny, because only days ago there were articles out on your typical go-to finance newspapers about how GameStop Mania Likely Won't Happen Again.. Of course, the controversy surrounding the last rise in its price gave all the free PR that Bitcoin, #defi and decentralized social media platforms like #hive could ever hope for, with big centralized platforms using their power to limit community investment in the stock and/or censoring discussions on the topic.

So what is now causing the second wave? And will it yield the same opportunities for crypto to shine? It's hard to say. The recent hearings probably helped, with Gamestop Investor Keith Gill's opening statement going viral. Especially since Keth used the opportunity primarily to promote the stock and the prospects of the company.

The viral opening statement by Keith Gill in his hearing regarding his Game Stop investment

In any case, we ought to make the most of it to bring #wallstreetbets to our platform, as well as to promote why decentralized social media and finance is so important going forward.

Posted Using LeoFinance Beta