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Re:How WallStreetBets Pushed GameStop Shares to the Moon by abbbccdefd on Monday January 25, 2021 @02:23PM (#25907509)
The new console cycle definitely contributed. I think it more had to do with Ryan Cohen, founder of CHEWY, buying 13% of gamestop shares and joining the board with two other CHEWY executives. The assumption is he will play a large role in GameStop's future and buying GameStop stock is a bet on his ability to pivot GameStop into new revenue generating gaming verticals.

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