20-Year-Old Who Made Thousands On GameStop Stock Donates Switch Consoles To Children's Hospital
The young man said he wanted to pay it forward after making a lot of money from the GameStop stock price situation.
A 20-year-old college student at Cornell University made thousands from the GameStop stock price surge and he's doing something very noble with the money.
The man, Hunter Kahn, told CNN that he used some of his earnings from his GameStop stock to pay for six Nintendo Switch Lite consoles that he donated to the Children's Minnesota Hospital in Minneapolis. Kahn cashed out of his GameStop position last week, earning $30,000 from his investment.
Kahn said in an Instagram post that he felt a duty to pay it forward after making big money from his GameStop stock. "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," he said. "I am proud to announce my humble donation of 6 Nintendo Switches and games to go with them to the Children's Minnesota Hospital. Can't Stop. Won't Stop."
Kahn also donated games, eShop cards, and screen protectors for a total donation value of about $2,000. The president of the children's hospital, Jennifer Soderholm, told CNN, "We're so grateful for this generous donation that will help bring joy to kids at our hospitals, especially during these challenging times."
"There's no group of people more deserving of receiving a bunch of video games than some kids going through a hard time," Kahn told CNN.
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Multiple adaptations of the events of the short squeeze are being planned, with James Bond studio MGM picking up rights for a film. Netflix is also producing a movie of its own with the writer of Zero Dark Thirty.
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