The surge in GameStop’s stock price has been one of the biggest highlights across the globe. A plethora of investors have already stepped in the market to make a quick fortune. Popular YouTuber Mr Beast is no exception, as he boasts a fair share in GameStop’s recent economic growth.
Watch What’s Trending Now!
Considering his viral content that revolves around spending large amounts of money, it was no surprise that Mr Beast spent $80,000 on GameStop, but there’s a catch. The YouTuber used this money to buy an actual GameStop store, and not the company’s stock.
Mr Beast informed his fans regarding the same in a tweet:
If I would have invested the $80,000 I spent last month buying this Game Stop, into their stock, it’d be worth like $1,200,000 lol
— MrBeast (@MrBeastYT) January 30, 2021
Mr Beast lost an opportunity to make over $1,000,000
Mr Beast had bought everything in a GameStop store last month for a video where he donated items from 5 different stores to several charitable organizations. He spent over $500,000 for the entire video, which includes an $80,000 investment on GameStop. Mr Beast eventually pulled off a “pro-game move” by donating all the games from GameStop to children as Christmas presents.
“I wanted to do something special with the games we bought from the store, so we decided to wrap everything.” said Mr Beast.
He further added, “This one’s really special for me. I just genuinely hope that these games really make these kids’ day.”
Little did Mr Beast know GameStop’s share price would witness such sudden growth. He now claims that a similar investment on GameStop’s stock would have helped him in making a profit of over $1,000,000.
Fellow YouTuber LazarBeam joked this move led to “negative stonks” for Mr Beast:
mate negative stonks
— LAZARBEAM (@Lazarbeam) January 30, 2021
This battle between millions of Reddit users and big corporations like Melvin Capital is certainly one of the most unusual developments we’ve seen in a long time. From the looks of it, it will not end in the near future as big names like Elon Musk and Alexandria Ocasio-Cortez have also shared their opinions on the same which has further popularized the incident.
Space X CEO Elon Musk jokingly renamed GameStop as Gamestonk. On the flip side, US politician Alexandria Ocasio-Cortez is glad to witness that the manipulation of stock market has worked against Wall Street this time.
ALSO READ: Call of Duty Warzone: Fastest Time-to-Kill Weapon Classes
