The rise and fall of Gamestop in the stock market revealed a lot about the industry. Retail traders fueled a massive price increase due to Wall Street shorts, with social media playing a significant role. “Meme investing” became a trend, driven by curiosity and peer pressure from social platforms. This shift in investing techniques also impacts the rapidly evolving esports industry.
Gamestop’s recent stock market interest may attract more investors to esports stocks. The international attention garnered by the Gamestop short has drawn more people to the financial market, leading to potential opportunities for industries like esports. Gamestop itself has shown interest in competitive gaming, announcing plans to transform selected store locations into local esports hubs where training, tournaments, and talent scouting can take place. Esports is already an attractive investment space, and Gamestop’s involvement could further fuel interest in this sector.
The impact of Gamestop and social media on the stock market has amplified people’s engagement with financial news. With more individuals tuned into the market, it is possible that interest may shift towards esports companies. Esports already have a strong presence on popular social media platforms like Reddit, Twitter, and Facebook, making it plausible for an esports company to become the next financial phenomenon.
If you’re considering investing in esports, there are already several options available on the stock market. Esports Entertainment Group (NASDAQ: GMBL) is a fast-growing tournament host and one of the early appearances of esports on the stock market. Although the price has experienced fluctuations, it has recently risen sharply. Alternatively, Allied Esports Entertainment (NASDAQ: AESE) offers an opportunity to invest in the core esports industry. Known for their active involvement as a tournament host, Allied has strong connections with various esports developers. With a current share price of around $2.80, AESE provides a more affordable entry point into the esports market. Finally, Guild Esports (OTCMKTS: GULDF) is the newest esports company to debut on the stock exchange. Guild sponsors players across popular esports titles like Fortnite, Rocket League, and VALORANT. As the October listing of Guild Esports is still settling, there is significant speculation and uncertainty around its sustainable price.
