Newly-made GameStop millionaire celebrates by blowing up his Tesla Twitter: Alex ErnstAmid the GameStop stock market drama, quite a few Redditors have found massive financial success \u2014 and one lucky investor is celebrating his newly-found riches in a seriously dramatic way. For those out of the loop \u2014 or for those of us who simply have zero idea how the stock market works \u2014 a group of Redditors from the subreddit \u2018WallStreetBets\u2019 completely upended the efforts of investors attempting to \u201cshort sell\u201d GameStop\u2019s stocks. GameStop stock drama explained In essence, this means that the investors were betting against GameStop\u2019s success. In doing so, they borrowed shares of the company, sold them, then waited for the stock to drop in value so that they could buy the \u2018borrowed\u2019 shares back at a lower price, return them, and pocket the difference. However, those at WallStreetBets truly \u201cwent to the moon\u201d in response, buying oodles of GameStop stock, causing it to dramatically rise in value as a result. Thus, short-sellers have been forced into a \u201cshort squeeze,\u201d where they need to pay more for the stocks than what they were sold for. Read More: What is Dogecoin? – This has led to the Melvin Capital hedge fund\u2019s bankruptcy, Robinhood trade halting drama and ongoing outrage across social media and mainstream news, alike. Who is Alex Ernst? One lucky influencer who\u2019d purchased GameStop stock has made a return to content creation in a huge way amid this Wall Street hoopla. The influencer in question? Vine star Alex arnst \u2014 known for such masterpieces as his hilarious \u2018Rice Krispies Lisp\u2019 Vine. He\u2019s made a comeback to social media after nearly a year of inactivity, revealing that he became a millionaire by investing in GameStop stocks ahead of the dramatic price increase. Read More: Twitter reacts to GameStop & Robinhood saga – \u201cI bought GameStop stock really cheap,\u201d he explained in a recent video. \u201cA few weeks ago. This was way before two days ago when this whole GameStop thing started happening. To be frank\u2026I\u2019m a millionaire now, guys.\u201d https:\/\/twitter.com\/AlexErnst\/status\/1355061525732487170?s=20 To celebrate his newly found millionaire status, Ernst did what all of us dream of being filthy rich enough to do: he blew up his Tesla model 3. In an impressive display of pyrotechnics, Ernst detonated the explosive inside his car and totaled it in a single go. As for a replacement, he\u2019s hoping to score \u201cthe plaid one.\u201d Just before setting the car aflame, Ernst had just one word of advice to those Redditors upending the GameStop market: \u201cHold the line.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Newly-made GameStop millionaire celebrates by blowing up his Tesla Twitter: Alex ErnstAmid the GameStop stock market drama, quite a few Redditors have found massive financial success \u2014 and one lucky investor is celebrating his newly-found riches in a seriously dramatic way. For those out of the loop \u2014 or for those of us who simply […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-56326","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/56326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/comments?post=56326"}],"version-history":[{"count":0,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/posts\/56326\/revisions"}],"wp:attachment":[{"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/media?parent=56326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/categories?post=56326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dejan.au\/index.php\/wp-json\/wp\/v2\/tags?post=56326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}