Florida GameStop employee charged with manslaughter after killing man about to shoplift Pokemon cards

Derrick Guerrero, 33, was arrested and charged with manslaughter after shooting and killing a man was was allegedly shoplifting from the store. WDBO reports that the man was unarmed and had not confronted Guerrero.

As the man walked toward the door of the store, Guerrero pulled a gun from his waistband and fired one shot, striking the man in the torso, police say.

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The first trailer for Dumb Money captures the insanity of the Gamestop stock squeeze

Now that we're heading into summer, dads nationwide can finally bust out their favorite fact about the seasonal weather. "You know," they'll say with a wry grin, "it's not the heat that gets ya; it's the humidity." 

And while the maxim is tired and annoying, I think there's an applicable essence within it that extends to the Covid-19 pandemic and lockdown. — Read the rest

Tired of selling nothing in a physical storefront, GameStop shifts to selling nothing on their new NFT marketplace

Darling of r/wallstreetbets and other popular YOLO investment strategy websites, GameStop is opening an NFT marketplace. As part of their strategy to move away from failing retail locations and lacking much more than Funko figurines and Pokemon tee-shirts to sell, digital transaction records of things commonly available for free is their next big market. — Read the rest

If the GameStop drama is over your head, this stock and cryptocurrency training can break it all down.

Exploding like a supernova in our news feeds, the GameStop stock controversy has spawned hot takes from virtually every corner of the world and shows little sign of slowing down yet. 

And while everybody's got an opinion about GameStop, Reddit traders, hedge funds, the SEC and essentially any element of what led to this Wall Street chaos, one thing is certain — very few people have any idea what they're actually talking about. — Read the rest

Social Capital CEO Chamath Palihapitiya praises Redditors for buying Gamestop

Chamath Palihapitiya, CEO of Social Capital, was on Scott Wapner's Fast Money: Halftime Report on CNBC to defend Robinhood and Redditor's buying up of Gamestop stock and spoiling the plans of market-manipulating hedge fund short sellers. — Read the rest

Trump Media's stock price slumps another 14%, but he's still set to make a fortune dumping it

Trump's $175 million bond

Trump Media fell 14% yesterday, part of an ongoing slide that's seen the company lose a third of its stock price in days and wiping out the gains of investors who led it to a spectacular valuation just weeks ago. Unreal from the outset—it amounts to Truth Social, an off-the-shelf Twitter clone for Trump fans with no revenue or prospects for user growth—at one point Trump Media had a market cap of $8bn. — Read the rest

Truth Social reports $58 million loss: share price in freefall

truth social financial results

Reality is catching up with Donald Trump's Truth Social. The company that owns it has delivered its first full-year financial results and they're about as wonderful as a Lara Trump song.

As reported by Forbes' Derek Saul, Trump Media's stock (DJT, because of course it is) nosedived 25% after revealing paltry revenues of $4.1 million and a net loss of $58.2 million for 2023. — Read the rest

Analysts fear a massive correction in TSLA's price could wipeout 'zombie stocks'

The analysts at a group that uses machine learning and natural language processing to analyze the market predict a massive correction in TSLA's price per share that will also sadden r/wallstreetbets careful and pragmatic traders. In New Construct's model, TSLA shares many characteristics with "zombie stocks," poorly managed companies burning cash at an alarming rate, and serves as a bellwether for the sector. — Read the rest