The Gamestop Stock Saga Is Unsafe And All As Well Familiar

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By 1991, video games accounted for two-thirds of Babbage's sales. In current days, American economic markets have been gripped by the saga of a video game retailer’s soaring stock value. Motives behind this onslaught ranged from generating personal profit to a want to squeeze the short positions of hedge funds. While we all had a excellent laugh with the concept of Reddit pumping duds to unjustifiable prices, it’s most likely that some corporations caught in the joke-trading had been dead serious. As Bloomberg’s Matt Levine has pointed out, from a purely theoretical point of view stock markets are "a way for individuals to invest dollars in companies". Even if its market cap of £200 billion at the peak of the frenzy may possibly look meaningless, GameStop could have attempted to capitalise on the mania – raising funds to reinvest in the enterprise.

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Auerbach retired after winning the 1966 title, and Russell became the player-coach — the 1st Black head coach in NBA history, and just about a decade prior to Frank Robinson took over baseball’s Cleveland Indians. Following the Spurs won the championship again in 2005, the 2006 Finals featured two franchises creating their inaugural Finals appearances. The Miami Heat, led by their star shooting guard, Dwyane Wade, and Shaquille O'Neal, who had been traded from the Lakers for the duration of summer 2004, won the series more than the Dallas Mavericks. The Lakers/Spurs dominance continued in 2007 with a four-game sweep by the Spurs over the LeBron James-led Cleveland Cavaliers. The 2008 Finals saw a rematch of the league's highest profile rivalry, the Boston Celtics and Los Angeles Lakers, with the Celtics winning, for their 17th championship.

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