Entertainment

Newly-made GameStop millionaire celebrates by blowing up his Tesla

Published: 29/Jan/2021 19:22 Updated: 3/Feb/2021 13:55

by Virginia Glaze

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Amid the GameStop stock market drama, quite a few Redditors have found massive financial success — and one lucky investor is celebrating his newly-found riches in a seriously dramatic way.

For those out of the loop — or for those of us who simply have zero idea how the stock market works — a group of Redditors from the subreddit ‘WallStreetBets’ completely upended the efforts of investors attempting to “short sell” GameStop’s stocks.

GameStop stock drama explained

In essence, this means that the investors were betting against GameStop’s 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 ‘borrowed’ shares back at a lower price, return them, and pocket the difference.

Redditor senior_hedgehog urges investors to buy GameStop stock.
Screenshot via Reddit
Redditor senior_hedgehog dubs Gamestop “the biggest short squeeze of your life.”

However, those at WallStreetBets truly “went to the moon” 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 “short squeeze,” where they need to pay more for the stocks than what they were sold for.

This has led to the Melvin Capital hedge fund’s bankruptcy, Robinhood trade halting drama and ongoing outrage across social media and mainstream news, alike.

Who is Alex Ernst?

One lucky influencer who’d 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 — known for such masterpieces as his hilarious ‘Rice Krispies Lisp’ Vine. He’s 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.

“I bought GameStop stock really cheap,” he explained in a recent video. “A few weeks ago. This was way before two days ago when this whole GameStop thing started happening. To be frank…I’m a millionaire now, guys.”

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’s hoping to score “the plaid one.”

Just before setting the car aflame, Ernst had just one word of advice to those Redditors upending the GameStop market: “Hold the line.”

Cars

Enable shows off custom 100 Thieves-themed Mercedes C-Class Coupe

Published: 23/Feb/2021 11:39

by Jacob Hale

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Ian ‘Enable’ Wyatt, in his own words, “always stays fly” — and he’s backing it up by showing off this incredible Mercedes C Class Coupe, complete with a custom 100 Thieves wrap.

Enable joined 100 Thieves as a content creator after officially announcing his retirement from professional Call of Duty following the 2020 CDL season.

Having competed and won multiple championships under the 100T banner during the Black Ops 4 season, Enable built a strong affinity with the brand. Now, clearly, he’s proving it.

In the first episode of his new show ‘Run It Up’ on LA Thieves’ YouTube channel, Enable pulled up in the new whip and it’s just about as cool as you’d expect.

100 Thieves enable Jam t shirt
Instagram: ianenable
Enable is back under the 100 Thieves banner and celebrating in style.

Pulling in to CEO Matthew ‘Nadeshot’ Haag’s reserved parking spot at the Thieves’ Cash App Compound, you’d be forgiven for thinking it was actually Nade’s car.

The C Class Coupe costs upwards of $47,000 alone, but the 100 Thieves wrap makes it truly priceless.

In 100T’s red and black colors, the design imitates that of the brand’s Geography collection that dropped way back in 2018, all black with jagged orange lines and the 100 Thieves logo emblazoned across the hood.

The car is guaranteed to turn some heads as it sets across Los Angeles, and with some of the unique designs that 100T come out with, we wouldn’t be surprised to see more as their collection grows.

For example, a matching Coupe with a wrap inspired by their Jam collection hoodie would definitely be worth the money. In fact, we’ll be disappointed if we don’t see more 100T-themed cars in the future.

This comes just a few months after FaZe Clan’s Alex ‘Adapt’ Prynkiewicz showed off his unreal FaZe-themed Nissan GTR. Don’t be surprised to see more esports and gaming brands splurging some cash on similarly creative rides in the future.