noun, proper noun
Internet Slang
GameStonk
· noun, proper noun · internet
The 2021 GameStop short-squeeze saga, in stonks-meme form.
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Definitions
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Shorthand for the whole January 2021 GameStop episode — retail piling into GME on WSB, hedge funds (Melvin, Citadel) getting squeezed, Robinhood pulling the buy button, congressional hearings. The moment retail realised it could move a stock and the moment brokers showed who they actually work for.
“Every finance podcast still dates itself by whether they covered GameStonk in real time or got there a week late.”
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GameStonk In A Sentence
Every finance podcast still dates itself by whether they covered GameStonk in real time or got there a week late.
Origin & Usage
Elon Musk tweet, 26 Jan 2021: just the word 'Gamestonk!!' with a link to r/wallstreetbets, mid-squeeze. The tweet sent GME up another ~50% after-hours and locked the term in. Fuses GameStop with the 'stonks' meme (intentional misspelling of stocks, from the 2017 'meme man at a Bloomberg terminal' image).
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