20-year-old uses GameStop windfall to buy Nintendo Switches for hospitalized children
The GameStop logo sign is seen above the store in Culver City, California on January 28, 2021. Photo by CHRIS DELMAS/AFP via Getty Images
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MINNEAPOLIS (Nexstar) — A college student who cashed in on the run-up of GameStop’s stock price said he shared his good fortune with a children’s hospital in Minneapolis, Minnesota over the weekend.
“I am proud to announce my humble donation of 6 Nintendo Switches and games to go with them to the Children’s Minnesota Hospital,” Hunter Kahn wrote on Instagram, posting a photo of himself with the consoles (bought from GameStop of course). “Can’t stop. Won’t stop.”
Kahn also posted news of his donation on Reddit, where a form called “Wall Street Bets” is credited with driving the GameStop buying frenzy in an effort to undermine the bets of large hedges determined to short the stock. His post has already received well over 175K upvotes, or likes.
“As a beneficiary of the recent events on Wall Street I think it is important that myself and others pay forward our good fortune,” Kahn wrote on Instagram. “These events have highlighted a lot of corruption and with this transfer of power it is important that we don’t become men in suits ourselves.”
In a post on Facebook, Children’s Minnesota wrote, “Thank you to Hunter Kahn for donating six Nintendo Switches as well as a heap of games to Children’s Minnesota — we are so grateful!”
After flirting with $470 per share toward the end of January, GameStop’s stock closed Tuesday at $90 a share.
