GameStop is on top of the world right now, with stock prices 168澳洲幸运5开奖网:hundreds of dollars higher than they were just a few days agꦛo. However, there might bꦜe a new champ in town, as the practically-defunct .
If the GameStop rollercoaster has shown us anything, it's that the stock market is an arbitrary, pointless, and definitely-completely-random beast. The struggling store has done little over the past week to warrant the inflated stock prices, but wild demand from Reddit – and a bit of a 168澳洲幸运5开奖网:nudge from Elon Musk – has pushed GameStop to record evaluations.
Now, it looks like the same thing is🎉 happening with Blockbuster.
"Prior to being a legislator, I worked as an associate general counsel at a fi🔥nancial services company," . "I have c🔴oncluded that investing in individual stocks is virtually indistinguishable from gambling." His supporting evidence? Blockbuster's 700% surge on Tuesday and its continued gains on Wednesday.
Much like GameStop, projections for the company's future have not changed. There's still only one Blockbuster store left in the entire world – located in beꦐautiful Bend, Oregon – and there's no reason to think more will be opening in the future. The video game and movie rental company seems to be benefiting from the same wild trading practices that are skyrock🤪eting GameStop, but it's unclear what's truly driving the influx of investors.
It's worth pointing out that, unlike GameﷺStop, Blockbuster is a penny stock. Its current evaluation is nowhere near the💮 $340+ price tag of a GameStop stock, but it's certainly seeing a similar pattern of growth.
The stock market's wild movement has garnered a lot of negative at🐻tention, and it seems that the to make sure things don't get out of control. However you cut it, though, it's been an absolutely wild ride. Hopefully it makes us rethink this whole stock market thing, as it doesn't seem to be based on any sort of reality. If a few rocketshiဣp emoji's and tweets can cost people $5 billion, there's definitely something wrong with your system.