Muhammad Fasih

MSPM02193037

• B.Sc Mechanical Engineering

• Assistant Manager Production
Pakistan Spring and Engineering Company
Reddit Inspired
Manipulation of GameStop
Manipulation of more than $50 Million
Contents

• Introduction
• Reddit
• Facts
• GameStop
• Success Story
• Keith Gill “Roaring Kitty”
• Manipulation of GameStop
• Jurisdiction and venue
Introduction
• Reddit
• Reddit is a private company based in
San Francisco, California
• Steve Huffman and Alexis Ohanian
• Website
• Social News Aggregation
• Web Content Rating
• Discussion
• Facebook
• Twitter
• The front page of the Internet
• "read it", i.e., "I read it on Reddit
• 430 million monthly users
• Reddits, Subreddits
• WallStreetBets
Facts
• Reddit
• 1021 Number of Employees
• $148 Million Revenue
• 27% Employee Growth Rate
• $550.1M Total Funding
Introduction
• An American Merchandise Retailer
• Video Games
• Consumer Electronics
• Founded in Dallas in 1984 as Babbage
• In 1999 GameStop
• The world's largest video game retailer
• 5509 Retail Stores
• United States
• Canada
• Australia
• New Zeeland
• Europe
Introduction
• Success Story (2004-2-16)
• Acquired EB Games
• Electronics boutique
• 2005 for $1.44B
• Acquired Rhino Video Games
• 72 Video Game Stores in South Eastern US
• 2007
• Acquired Free Record Shops
• 49 Stores converted into Video Games
Stores
• 2008
• Total Assets $5.1B
Keith Gill “Roaring Kitty”
DeepF***ingValue

• Professional Investor Financer

 Manipulation of GameStop
• Characters
• Keith Gill • Plaintiff Christian Lovin
• Roobinhood • MML InvestorsServices
• Reddits • Massachusetts Mutual Life Insurance
• Subreddits Company
• Created Hype
• He'd paid off thousands of dollars in student loans
with his GameStop gains
• GameStop is up more than 1,700%
• He exaggerated and misrepresented the prospects
of GameStop and made bold predictions about its
future
Manipulation of GameStop
JURISDICTION AND VENUE

• This Court has subject matter jurisdiction over this action pursuant to 28 U.S.C. §1331 and
§ 27 of the Exchange Act, 15 U.S.C. § 78aa
• This Court has jurisdiction over each individual and/or corporate Defendant named herein,
as each has sufficient minimum contacts with this District so as to render the exercise of
jurisdiction by the District Court permissible under traditional notions of fair play and
substantial justice
• Venue is proper in this District pursuant to § 27 of the Exchange Act, 15 U.S.C. § 78aa and
28 U.S.C. § 1931(b).
• In connection with the conduct described herein, Defendants, directly or indirectly, used
the means and instrumentalities of interstate commerce