BlackRock may have raked in $2.4 billion on GameStop’s retail-driven stock frenzy | Reuters

(Reuters) – BlackRock Inc, the world’s largest asset manager, could have made gains of about $2.4 billion on its investment in GameStop Corp as retail investors pour money into the video-game retailer’s shares.

The asset manager owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020, a regulatory filing showed on Tuesday. (bit.ly/39nfDwv)

BlackRock may have raked in $2.4 billion on GameStop’s retail-driven stock frenzy | Reuters