This game is rendered in mobile-friendly HTML5, so it offers cross-device gameplay. You can play it on mobile devices like Apple iPhones, Google Android powered cell phones from manufactures like Samsung, tablets like the iPad or Kindle Fire, laptops, and Windows-powered desktop computers. All game files are stored locally in your web browser cache. This game works in Apple Safari, Google Chrome, Microsoft Edge, Mozilla Firefox, Opera and other modern web browsers.
Background Story of This Game
The theme of this game comes from the rapid rise of GameStop ($GME) stock share price due to a gamma squeeze followed by momentum investors and degenerate gamblers daytrading stock on /r/WallStreetBets.
While YOLO may be true, memes never get old.™
The GameStop Company
The company is a video game retailer beloved by many a basement dweller like me. It was founded in 1984 and is a popular retailer of video games where many people go to buy new or used games and trade in older games they have already played.
Some video game consoles are delivering games online and there is a rapid rise in both mobile gaming on phones and delivery of games over the internet from services like Steam.
Some hedge funds bet GameStop was going to collapse and tried to drive it toward collapse through shorting over 100% of the float, effectively counterfeiting shares.
Many hedge funds run similar books where they are long the FANG-type plays and short dying retailers & other similar fading companies.
When one hedge fund gets caught offsides in a big way that can lead them to have to liquidate both sides of their book, generating losses for the next hedge fund, which then have to liquidate, which generates losses for the next hedge fund in a giant beautiful daisy chain.
Hedge funds got short squeezed by a variety of players and then momentum sucked more people into the trade.
The theme of the outsized GameStop story was that small retail traders at home were moving the stock & other meme stocks, however the fund flows indicate some larger institutional investors working at hedge funds were also highly involved. Senvest Management made a $700 million profit on a position they began establishing in September. Maverick Capital also had a large long position.
Keith Patrick Gill, known as DeepF___ingValue or The Roaring Kitty began buying GameStock stock and call options in 2019 and posted about it publicly back then, which encouraged others to mimic his trade. While he was ultimately proven correct and his $50,000ish bet turned into $10s of millions, he was also a registered broker, so his promotion of $GME has federal regulators looking into the situation.
The stock was discussed widely on a Reddit subreddit forum named WallStreetBets.
Here is a great thread from September 8 predicting the gama squeeze which happened in January.
Tesla CEO Elon Musk tweeted #GameStonk to piss off short sellers who had screwed with him for years.
We launched this game on February 4th. On that day $GME closed at $53.50, off a comfortable 42.11% on the day and a cool 89% from the high a week prior.
The day after this game was launched Robinhood removed GME & AMC purchase order limits. GameStop jumed from a Thursday close of $53.50 to a high of $95 (up 77.57%), with the stock again having trades halted multiple times. The bid / ask offer spread was often between 50 cents and $1 throughout much of the day, meaning market makers likely made tens of millions of dollars on Friday’s trade volume of 79,541,313 shares. The stock closed the day at $63.77 (up 19.2%).
David Portnoy promoted the Van Eck Vectors Social Sentiment ETF, an ETF based on online sentiment. It promotes larger cap stocks with strong online sentiment instead of promoting the GameStop type momentum stocks.
Some politicians are considering financial transaction taxes to curtail high frequency trading which is driven by payment for order flow to brokers which allows entities like Citidel, Virtu, Susquehanna, Two Signa, UBS and Wolverine to monetize the spread between best bid or offer.
While some have seen the GameStop phenomena as something unique, a similar short squeeze happened back in 1923 to a Southern and Midwest grocery store chain named Piggly Wiggly. Piggly Wiggly was the first self-serve grocery store and still exists today as a subsidiary of C&S Wholesale Grocers.
Volkswagen’s shares were also squeezed in 2008.
Marketing This Game
This game as an experiment in online marketing bombed spectacularly for a number of reasons …
The game was far less polished than many of our other games.
As this site was new it was prohibited from advertising on networks like Twitter.
Reddit was overrun with bots and spam, so mentions there went nowhere too.
While we have been avid gameplayers for decades we have never promoted ourselves in that category. My wife plays a ton of MMORPGs and could have seeded this site spreading across Discord, Twitch, and others – but she thought I was an idiot for buying this domain and creating yet another website, so now I have to make it a success as a matter of personal pride & if she plays any roll in that I will get to hear lectures about how she pioneered the success and my thousands of hours of labor did not matter at all. 😉
Going forward I have realized in the polarizing and cynical modern internet even altruism and humor are treated with deep cynicism, so it helps to have relationships in advance or be well known before doing any sort of marketing if you want to do something beyond a faceplant performance artpiece. This is part of the reason we decided to publish a bunch more fun games right away so that our site will hopefully be somewhat well established such that next time we have a marketing idea there is a chance people might be a bit more receptive than the cold shoulder our first try generated.
This game was published using our teamwide Plays.org account.
If you have any comments, questions, concerns, or others (are there others even???) you can use the comments below to send along your 2 cents and help us improve the site further :)
Your 2 cents plus 3 cents will buy you a nickel, but if your comments are genuinely useful and/or helpful and/or funny and/or memorable in a good way, we will probably say thanks :D
We like the Internet, the Outernet, the Extranet, and memes. And games. Lots and lots of games. :)
I am so old I played early Atari, ate at ShowBiz Pizza & was even a fan of ColecoVision.