Eh. The capital was provided by various share offerings and, most recently, a bond sale, which retail probably and definitely did not buy, respectively.
But here's the fun part. All of those issuances were made during periods of weirdly high prices. The biggest one was this time 2 years ago. The price jumped to $80. Doesn't seem like much, but there was a share split in 2022, 4:1. Between that and the offerings, buying the same proportion of Gamestop The Company as one share did in late January
2021 would have cost about... $350? The intraday high from 2021? Weird. Oh, but it happened in after-hours. When non-institutional traders usually aren't active...
I don't think anyone truly knows exactly what's going on with Gamestop's stock price.
There is too much overlap with the tropes found in communities who want to believe in aliens and interdimensional beings to take the Gamestop saga seriously. So many appeals to emotion and ignorance, and the investment in a particular outcome has made the reddit groups around this topic indistinguishable from people who are ride or die Trumpers impervious to the falsification of their bad ideas. There is no longer a rubric of reasonable evaluation of new relevant information. The festering wound of people like Ken Griffin effortlessly getting away with their crimes has gone on for so long that has radicalized people to interpret every new piece of info through the lens of being the first crumplings of an eventual avalanche of retribution that has been promised to them.
I don't believe in the theory, I'm stating that I understand the theory to largely revolve around powerful players manipulating markets, such as robinhood to disallow buying GameStop in January 21. In my view, GameStop enjoyers are so thoroughly radicalized and primed to expect another short squeeze, that the content of any given days news, related to GameStop or not, is regularly deciphered as clear sign that of its arrival. A large part of that certainty has seems to stem from the fact that canonically guilty people like Griffin, remaining free, an ever present festering reminder of their grievance.
Well, yeah. It's an incredibly silly series of events. That said, I've lived through too much internet culture to confuse "seeing people drink the kool-aid" for a useful heuristic of if the cool heads who originated a notion were right. Weird ideas attract weirdos. Doubt the bunny-ears lawyers at your peril.
But here's the fun part. All of those issuances were made during periods of weirdly high prices. The biggest one was this time 2 years ago. The price jumped to $80. Doesn't seem like much, but there was a share split in 2022, 4:1. Between that and the offerings, buying the same proportion of Gamestop The Company as one share did in late January 2021 would have cost about... $350? The intraday high from 2021? Weird. Oh, but it happened in after-hours. When non-institutional traders usually aren't active...
I don't think anyone truly knows exactly what's going on with Gamestop's stock price.