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, delivered 10 Nintendo switches purchased from GameStop locations in the Dallas-Fort Worth area to Medical City Children’s Hospital on Thursday.
The investor said his efforts were made possible by GME profits.
Wall Street was rocked this week by an organized campaign by small investors to attract large hedge funds by boosting shares of Grapevine-based GameStop and other struggling retailers.
The campaign started on Reddit and other discussion boards when small investors encouraged each other to buy GameStop stock, forcing the bigger players like hedge funds to back their bets by buying the stock, pushing the price even further.
The anonymous investor who donated the Nintendo Switches said they “made good money on this hilarious GME transaction through r / WallStreetBets” and felt inspired to give back “in an equally hilarious way.”
The investor said their hope is to convince others from the Reddit forum r / WallStreetBets to give back in a similar fashion and turn GameStop’s short sale into a force for good.