SAN ANTONIO— A 10-year-old man from San Antonio killed by selling the GameStop shares that were granted to him more than a year ago.
Jaydyn Carr’s mother, Nina, spent $ 60 on 10 titles on the video game chain in December 2019, which she gave to her son in a cooperative economy show based on the Ujamaa principle, one of seven that make up the Kwanzaa festival in honor of African heritage in the United States.
As GameStop stock prices reached high levels this week due to the frenzy of speculation fueled by a Reddit chat group, Jaydyn sold the shares on Wednesday for just under $ 3,200, the San Antonio Express-News reported.
“My phone is ringing because I have GameStop on my monitored stock list,” Nina said of how she saw the stock price rise. “I was trying to explain to him that this was unusual. I asked her, “Do you want to keep them or sell them? ‘”
The investor duo has indicated that $ 2,200 of the funds will go into Jaydyn’s savings account, and the other $ 1,000 will go to new investments.