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Right. GME market cap was $250 million at a time when the company had literally $1 billion in assets. For people wondering, "Well why didn't some behemoth like
by cbozeman 6y ago
Right. GME market cap was $250 million at a time when the company had literally $1 billion in assets.
For people wondering, "Well why didn't some behemoth like Sequoia Capital or BlackRock just swoop in and load up?" When purchasing such large blocks of a company, 5%, 10%, 15%, etc., there's a lot of paperwork involved.
Retail investors don't have to file with the SEC when they YOLO $200,000 on GameStop at $4 a share. They can shrug and say, "We like the stock."