'I love you guys': Redditor betting on GameStop claimed to use profits to pay off student loans

Aarthi Swaminathan
·Reporter
Mon, January 25, 2021, 11:09 AM
Some student loan borrowers riding the Reddit-fueled GameStop (
GME) wave are betting that they’ll be able to use the profits to pay off their debt.
“I cannot think of anything that I’ve seen that is nearly as insane as what is going on with GameStop right now,” Loop Capital Markets Analyst Anthony Chukumba said on Yahoo Finance Live (video above).
The video game retailer’s shares
soared more than 130% in recent days before falling dramatically during midday trading on Monday. The rise in shares began after
short-sellers and Reddit users on r/wallstreetbets (WSB) clashed over the direction of the stock.
“I love you guys ,” one WSB user
posted, along with a screenshot of his consolidated student loan payment of $23,504.45 scheduled on Monday, Jan. 25. In the comments, the user elaborated that the payoff is “the final payment on my student loans” and added that they never “thought I would have this paid off so soon.”