Investing
Robinhood Traders Who Got Free GameStop Display 9,000% Gains — or Regret
Some hung onto their freebie shares from an online brokerage, while others sold over the summer well before last month’s surge.
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The month Nathan Greninger received stock in GameStop Corp. for free from Robinhood Markets, the shares were trading at about $3.70 each.
That was last March. Americans were just starting to hunker down at home during the early days of pandemic lockdowns, stocks were tanking, Reddit’s WallStreetBets forum was an obscurity and GameStop was a largely forgotten mall retailer. In short, it was a lifetime ago in the cultural consciousness.