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A college student made big bucks off GameStop stock. Now he's donating video games to a children's hospital
By Kelsie Smith, CNN
A college student made big bucks off GameStop stock. Now he's donating video games to a children's hospital
It was a better feeling than waking up in the morning and seeing that G M E was on the moon. Let's break down That sentence from Hunter Con G. M E is the symbol for Gamestop Stock on the moon means it went way up last week. Hunter cashed in big on that, but the better feeling he's talking about was using his money to donate six Nintendo switches and games to Children's Minnesota Hospital. I love video games. I know it would be terrible being a kid in the hospital with like no joy helping them through. Hunters Post on Reddit about his donation, has more than 175,000 up votes or likes. He's comfortable on Reddit, the home of the online forum called Wall Street Bets that helped propel Gamestop stock to its dizzying heights. The rally resulted in many amateur investors like Hunter beating wealthy hedge funds at their own game. A lot of people are saying that this is somewhat like a transfer of power, but if the money is going from here just to the other side, there is no difference if we just are acting the same way as the people that were criticizing. So I think it's important that we don't become men in suits ourselves and use our money for good. Um n Business and law professor Paul Valor says the Gamestop story shows the power of the Internet. But can this populist investing movement sustain itself? Getting a mob to move in one direction is a tough thing to do. In this case, they did. Don't hold your breath that it's gonna happen again soon.
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A college student made big bucks off GameStop stock. Now he's donating video games to a children's hospital
By Kelsie Smith, CNN
After making thousands off GameStop stock last week, a 20-year-old college student used his newfound riches to pay it forward to a children's hospital near where he lives.Hunter Kahn, a mechanical engineering student at Cornell University, donated multiple Nintendo Switch consoles and games to Children's Minnesota Hospital in Minneapolis after cashing out almost $30,000 in GameStop stock last Wednesday, he told CNN.GameStop shares have jumped 1,625% in the past month. The soaring percentages are mostly due to a group of investors on Reddit, who are buying the stock in a movement to hurt short sellers and hedge funds that bet on the stock to go down.Kahn, who lives in Stillwater, Minnesota, said he participated in purchasing GameStop stock to join the movement to prove "the big boys on Wall Street" wrong. But, he said, donating a portion of his new fortune toward helping kids at the hospital felt better than waking up to any monetary gain."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 in an Instagram post. "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."Kahn's donations are valued at more than $2,000, Children's Minnesota Hospital said."We're so grateful for this generous donation that will help bring joy to kids at our hospitals, especially during these challenging times," Jennifer Soderholm, president of Children's Minnesota Foundation, said in an email statement to CNN. "It's inspiring to see young people in our community choosing to give back and pay it forward."His donations include: six Nintendo Switch Lites, multiple games and e-shop gift cards, and screen protectors and cases.The hospital said patients are already using the donations."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.After Kahn shared a photo of his donation on the Reddit page WallStreetBets, many in the online day trading community praised him. He garnered more than 179,000 upvotes on his post. One user lauded his actions, calling him "The real Robinhood."Kahn said he encourages others who have profited from the movement to continue to use their good fortunes to pay it forward."If we're criticizing these people on Wall Street and moving the money from one side to the other side, it would be meaningless if we behave exactly like these people that we were criticizing," he said.He is still holding on to the original 50 shares that he bought at $30, and said he plans to use the rest of his earnings toward paying off his college tuition.

After making thousands off GameStop stock last week, a 20-year-old college student used his newfound riches to pay it forward to a children's hospital near where he lives.

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Hunter Kahn, a mechanical engineering student at Cornell University, donated multiple Nintendo Switch consoles and games to Children's Minnesota Hospital in Minneapolis after cashing out almost $30,000 in GameStop stock last Wednesday, he told CNN.

GameStop shares have jumped 1,625% in the past month. The soaring percentages are mostly due to a group of investors on Reddit, who are buying the stock in a movement to hurt short sellers and hedge funds that bet on the stock to go down.

Kahn, who lives in Stillwater, Minnesota, said he participated in purchasing GameStop stock to join the movement to prove "the big boys on Wall Street" wrong. But, he said, donating a portion of his new fortune toward helping kids at the hospital felt better than waking up to any monetary gain.

"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 post. "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."

Kahn's donations are valued at more than $2,000, Children's Minnesota Hospital said.

Kahn donated multiple Nintendo Switch game consoles, games and more.
Courtesy Hunter Kahn
Kahn donated multiple Nintendo Switch game consoles, games and more.

"We're so grateful for this generous donation that will help bring joy to kids at our hospitals, especially during these challenging times," Jennifer Soderholm, president of Children's Minnesota Foundation, said in an email statement to CNN. "It's inspiring to see young people in our community choosing to give back and pay it forward."

His donations include: six Nintendo Switch Lites, multiple games and e-shop gift cards, and screen protectors and cases.

The hospital said patients are already using the donations.

"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.

After Kahn shared a photo of his donation , many in the online day trading community praised him. He garnered more than 179,000 upvotes on his post. One user lauded his actions, calling him "The real Robinhood."

Kahn said he encourages others who have profited from the movement to continue to use their good fortunes to pay it forward.

"If we're criticizing these people on Wall Street and moving the money from one side to the other side, it would be meaningless if we behave exactly like these people that we were criticizing," he said.

He is still holding on to the original 50 shares that he bought at $30, and said he plans to use the rest of his earnings toward paying off his college tuition.