Redbox, The Next GameStop?
$Redbox Entertainment(RDBX.US$ $GameStop(GME.US$
GME and Redbox are similar in some aspects. Both are companies that bring back the nostalgia of a less digital era. But at the same time, both companies are trying to modernize to adapt to current trends.
GME and Redbox are similar in some aspects. Both are companies that bring back the nostalgia of a less digital era. But at the same time, both companies are trying to modernize to adapt to current trends.
And both companies suffer from Wall Street criticism about their capabilities.
This may also have influenced retail investors to look more closely at Redbox. Buzz on social media concerning RDBX as a possible short-squeeze target has made the stock very popular lately among retail investors. As a consequence, Redbox's stock has risen more than 400% within one month.
However, it is quite unlikely that Redbox stock will become the next GameStop. Redbox's precarious financial situation puts it at considerable risk of dilution in order to finance its business. This would limit a mega-short squeeze.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Rebelraven : nope! Redbox is a distraction stonk
KingNY-Life : Buy a red box
whqqq : 400%wow this is an AMAZING number
MikebiererOP Rebelraven:
MikebiererOP KingNY-Life: calm down
MikebiererOP whqqq: There will be more.