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Amid the Wall Street drama surrounding GameStop and Robinhood, some investors participating in the GameStop short sale are using their profits to do good deeds for others.
An investor, who wished to remain anonymous, delivered 10 Nintendo Switches purchased from GameStop locations in the Dallas-Fort Worth area to Children’s Hospital in Medical City on Thursday.
The investor said its efforts were made possible by the gains of GME.
Wall Street has been rocked this week by a campaign by small investors to tackle large hedge funds by increasing shares of Grapevine-based GameStop and other struggling retailers.
The campaign began on Reddit and other discussion forums as small investors encouraged each other to buy GameStop shares, forcing bigger players like hedge funds to hedge their bets by buying the stock, further raising the price. .
The anonymous investor who donated the Nintendo Switches said he made “a fair amount of money thanks to r / WallStreetBets on this hilarious business with GME” and felt inspired to give back “in an equally hilarious way.”
The investor said his hope is to convince other members of the Reddit r / WallStreetBets forum to give back in the same way and make GameStop short selling a force for good.
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