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2021-05-05
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Bill And Melinda Gates' Divorce News A Bull Case For GameStop? What You Need To Know
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What You Need To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1183452524","media":"benzinga","summary":"A post by a member of the Reddit investor forum r/GME in March that speculated billionaires were inc","content":"<p>A post by a member of the Reddit investor forum r/GME in March that speculated billionaires were increasing their short positions in<b>GameStop Corp</b>. (NYSE:GME) ahead of their impending divorces is now seen as a bull case for the videogame retailer’s value.</p>\n<p><b>What Happened:</b>Following theannouncement of the divorce of<b>Microsoft Corporation</b>(MSFT) co-founder Bill Gates and his wife Melinda Gates on Monday, members of the Reddit board r/GMEdiscovereda nearly two-month-old post by user Jobom3 that linked a spike in borrowed GameStop shares to the possibility of billionaires preparing for their divorces, as first observed by MarketWatch.</p>\n<p>A Reddit post on March 11 noted that more than one million GameStop shares were borrowed from exchange-traded funds (ETFs) in the pre-market. The move was seen as a new confrontation in the ongoing battle between hedge funds trying to short GameStop and investors who wanted to prove the company is fundamentally undervalued.</p>\n<p>In reply, Jobom3 said, “I think they are just buying time to secure their personal assets. Moving them to offshore or divorce their wives and put the money in their name. Tricks like that.”</p>\n<p>Members of the Reddit board credited Jobom3 with predicting the Gates’ divorce and noted that the divorce supported their speculation that some wealthy short sellers of GameStop are fighting the short squeeze in a bid to protect their assets from the possibility of a market implosion.</p>\n<p><b>Why It Matters:</b>Creating a company like Microsoft helped Bill Gates build great wealth along the way. Gates left Microsoft in 2008 to concentrate on his philanthropic endeavors.</p>\n<p>In 2000, Gates and Melinda began the Bill & Melinda Gates Foundation, which is the world's largest private charitable foundation with a trust endowment of $49.8 billion.</p>\n<p>The latestregulatory filingby the foundation disclosed ownership stakes, as of December 31, 2020, in<b>Amyris</b>(NASDAQ:AMRS),<b>Atreca</b>(NASDAQ:BCEL),<b>BioNTech SE</b>(NASDAQ:BNTX),<b>CurevacN.V.</b>(NASDAQ:CVAC) and<b>Vir Biotechnology Inc.</b>(NASDAQ:VIR). However, the filing does not show any holding in GameStop shares.</p>\n<p><b>Price Action:</b>GameStop shares closed 0.9% lower in Tuesday’s regular trading session at $160.73, but added 0.7% in the after-hours session to $161.89.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill And Melinda Gates' Divorce News A Bull Case For GameStop? 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What You Need To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 17:57 GMT+8 <a href=https://www.benzinga.com/trading-ideas/long-ideas/21/05/20955715/bill-and-melinda-gates-divorce-news-a-bull-case-for-gamestop-what-you-need-to-know><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A post by a member of the Reddit investor forum r/GME in March that speculated billionaires were increasing their short positions inGameStop Corp. (NYSE:GME) ahead of their impending divorces is now ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/05/20955715/bill-and-melinda-gates-divorce-news-a-bull-case-for-gamestop-what-you-need-to-know\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/05/20955715/bill-and-melinda-gates-divorce-news-a-bull-case-for-gamestop-what-you-need-to-know","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183452524","content_text":"A post by a member of the Reddit investor forum r/GME in March that speculated billionaires were increasing their short positions inGameStop Corp. (NYSE:GME) ahead of their impending divorces is now seen as a bull case for the videogame retailer’s value.\nWhat Happened:Following theannouncement of the divorce ofMicrosoft Corporation(MSFT) co-founder Bill Gates and his wife Melinda Gates on Monday, members of the Reddit board r/GMEdiscovereda nearly two-month-old post by user Jobom3 that linked a spike in borrowed GameStop shares to the possibility of billionaires preparing for their divorces, as first observed by MarketWatch.\nA Reddit post on March 11 noted that more than one million GameStop shares were borrowed from exchange-traded funds (ETFs) in the pre-market. The move was seen as a new confrontation in the ongoing battle between hedge funds trying to short GameStop and investors who wanted to prove the company is fundamentally undervalued.\nIn reply, Jobom3 said, “I think they are just buying time to secure their personal assets. Moving them to offshore or divorce their wives and put the money in their name. Tricks like that.”\nMembers of the Reddit board credited Jobom3 with predicting the Gates’ divorce and noted that the divorce supported their speculation that some wealthy short sellers of GameStop are fighting the short squeeze in a bid to protect their assets from the possibility of a market implosion.\nWhy It Matters:Creating a company like Microsoft helped Bill Gates build great wealth along the way. Gates left Microsoft in 2008 to concentrate on his philanthropic endeavors.\nIn 2000, Gates and Melinda began the Bill & Melinda Gates Foundation, which is the world's largest private charitable foundation with a trust endowment of $49.8 billion.\nThe latestregulatory filingby the foundation disclosed ownership stakes, as of December 31, 2020, inAmyris(NASDAQ:AMRS),Atreca(NASDAQ:BCEL),BioNTech SE(NASDAQ:BNTX),CurevacN.V.(NASDAQ:CVAC) andVir Biotechnology Inc.(NASDAQ:VIR). However, the filing does not show any holding in GameStop shares.\nPrice Action:GameStop shares closed 0.9% lower in Tuesday’s regular trading session at $160.73, but added 0.7% in the after-hours session to $161.89.","news_type":1},"isVote":1,"tweetType":1,"viewCount":90,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/102296775"}
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