The big shock in the Wall Street that has impressed Gerard Piqué: 'It's crazy!'
The famous center back is known for his role in business and was left speechless after what he saw in the stock market.
Finances are an intense world. Lots of movements, transactions and different kinds of operations can change from a minute to another. In that business some players decided to get involved, like Gerard Piqué. Barcelona’s center back was speechless after what he saw in the stock market at Wall Street.
GameStop, a very well-known company dedicated to videogames, electronic devices and merchandising was shocked the world finances scenery. Their stocks raised 92,7% yesterday, jumping to $147.98 each. Pique was closely following the events.
“What a beast what happened in Wall Street with GameStop! It’s crazy!”, expressed the 33-year-old in his Twitter account. What happened? We’ll try to make it simple to understand.
The company, which owns around 5,000 stores, was almost set to disappear after the lockdown, when their stocks dropped to $3.50 each, bringing losses on almost $275 million in the last 12 months. From there on, some people tried to buy stocks, until Chewy’s former CEO Ryan Cohen, bought a big amount of them and started to put pressure on the managers.
Essentially, Cohen turned the company intro ecommerce, when forum users found this out, they started buying as many stocks as they could. Then, famous businessmen like Elon Musk got into this and made the prices take off.
