Derrick Guerrero, 33, was arrested and charged with manslaughter after shooting and killing a man was was allegedly shoplifting from the store. WDBO reports that the man was unarmed and had not confronted Guerrero.

As the man walked toward the door of the store, Guerrero pulled a gun from his waistband and fired one shot, striking the man in the torso, police say.

Now that we're heading into summer, dads nationwide can finally bust out their favorite fact about the seasonal weather. "You know," they'll say with a wry grin, "it's not the heat that gets ya; it's the humidity." 

And while the maxim is tired and annoying, I think there's an applicable essence within it that extends to the Covid-19 pandemic and lockdown. — Read the rest

A recent earnings report released by Gamestop has, well, reported that they earned a profit of $48 million last quarter. This is, comparatively, quite a step up from their net loss of $147.5 million last year. Net sales and inventory have also dropped, however, continuing the steady decline of the last few years. — Read the rest

Darling of r/wallstreetbets and other popular YOLO investment strategy websites, GameStop is opening an NFT marketplace. As part of their strategy to move away from failing retail locations and lacking much more than Funko figurines and Pokemon tee-shirts to sell, digital transaction records of things commonly available for free is their next big market. — Read the rest

[UPDATE 2-24-2021 1:52pm PT: It's back up]

Reddit isn't loading right now, and GME stock is surging in after-hours trading. Are the two related?

Exploding like a supernova in our news feeds, the GameStop stock controversy has spawned hot takes from virtually every corner of the world and shows little sign of slowing down yet. 

And while everybody's got an opinion about GameStop, Reddit traders, hedge funds, the SEC and essentially any element of what led to this Wall Street chaos, one thing is certain — very few people have any idea what they're actually talking about. — Read the rest

"Avalon Penrose, a normal person [and LA-based comedian], explains what's happening on the stock market."

This morning the stock-trading app Robinhood blocked its users from buying shares of GameStop and other stocks that the Reddit's WallStreetBets followers had been buying as a way to punish hedge fund shortsellers. Now Robinhood is being sued for the action. — Read the rest

Reuter's reports that "regulators may scrutinize GameStop's Reddit-driven retail stock surge." In other words, the wrong people made money.

The U.S. Securities and Exchange Commission said in a statement on Wednesday the agency was "actively monitoring" market volatility without offering specifics.

Chamath Palihapitiya, CEO of Social Capital, was on Scott Wapner's Fast Money: Halftime Report on CNBC to defend Robinhood and Redditor's buying up of Gamestop stock and spoiling the plans of market-manipulating hedge fund short sellers. — Read the rest

Folks on Reddit and Twitter have decided that GameStop should not have such a low share price. The price has increased over 600% since the antics have begun, forcing the folks who shorted GameStop's stock into more and more precarious positions. — Read the rest

JWZ's law states that "Every program attempts to expand until it can read mail." A corollary is that every complex system expands until it becomes a bank. Yesterday, I wrote about how a chatbot for organizing coffee orders became a full-fledged bank. — Read the rest

This ad for Glyde.com, a games retailer/reseller, focuses on how incredibly awful shopping at their major competitor, GameStop, is. A quick look at our archives confirms that GameStop is hardly a paragon of corporate virtue.

GameStop Protest

(via Super Punch)

A field operations manager with retailer GameStop instructed employees to open boxes of hit release Deux Ex: Human Revolution and remove the coupons bundled with every copy. A spokesperson confirmed to Ars Technica that it is their policy to do so. — Read the rest

Internet connections and computer hardware being finicky things, you can download your games any time you please at Steam and Amazon. At Gamestop, you must buy "download Insurance" for the privilege—it's put in your cart automatically, just in case you forget. — Read the rest

Trump Media fell 14% yesterday, part of an ongoing slide that's seen the company lose a third of its stock price in days and wiping out the gains of investors who led it to a spectacular valuation just weeks ago. Unreal from the outset—it amounts to Truth Social, an off-the-shelf Twitter clone for Trump fans with no revenue or prospects for user growth—at one point Trump Media had a market cap of $8bn. — Read the rest

Truth Social stock is a "scam" for "dopes," says Barry Diller, a pioneering media exec who ran Fox and Paramount pictures.

Appearing on CNBC's Squawk Box, Diller seemed to be annoyed to even have to comment on Donald Trump's anemic social media platform, which is selling at an astronomical price-to-sales ratio. — Read the rest

Reality is catching up with Donald Trump's Truth Social. The company that owns it has delivered its first full-year financial results and they're about as wonderful as a Lara Trump song.

As reported by Forbes' Derek Saul, Trump Media's stock (DJT, because of course it is) nosedived 25% after revealing paltry revenues of $4.1 million and a net loss of $58.2 million for 2023. — Read the rest

The analysts at a group that uses machine learning and natural language processing to analyze the market predict a massive correction in TSLA's price per share that will also sadden r/wallstreetbets careful and pragmatic traders. In New Construct's model, TSLA shares many characteristics with "zombie stocks," poorly managed companies burning cash at an alarming rate, and serves as a bellwether for the sector. — Read the rest

We thank our sponsor for making this content possible; it is not written by the editorial staff nor does it necessarily reflect its views.

It's hard out there for an investor these days, especially one who hasn't made it their life's work to be up to snuff with stocks. — Read the rest