Amid the Wall Street drama surrounding GameStop and Robinhood, some investors participating in the GameStop short sale are using their proceeds to do good deeds for others.
An investor, who wished to remain anonymous, on Thursday delivered 10 Nintendo switches purchased at GameStop stores in the Dallas-Fort Worth area to Medical City Children’s Hospital.
The investor said his efforts were made possible by GME’s earnings.
Wall Street was shaken this week by a campaign organized by small investors to take over large hedge funds, increasing GameStop shares, based on Grapevine, and other struggling retailers.
The campaign started on Reddit and other discussion forums as small investors encouraged each other to buy GameStop shares, forcing larger players, such as hedge funds, to cover their bets by buying the shares, raising the price even more. .
The anonymous investor who donated the Nintendo switches said they won “a good amount with r / WallStreetBets in this hilarious GME trade” and was inspired to give back “in an equally hilarious way”.
The investor said his hope is to convince other people on the Reddit r / WallStreetBets forum to reciprocate in a similar way and make GameStop short selling a force for good.