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1982 Made This Legal. GameStop Just Used It for $2B
GameStop built its reputation as the meme stock. Now it's using one of Wall Street's oldest tools.
Q1 2026: $835M net sales (+14%), the highest quarterly profit in the company's history, and a $2 billion share repurchase authorization valid through June 2029.
The story behind this goes back to November 17, 1982 — the day the SEC adopted Rule 10b-18, creating a legal safe harbor for corporate buybacks for the first time.
Smart strategy or Wall Street's old playbook? Drop your take in the comments.
Educational content only — not financial advice.
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By Forgotten Finance StoryGameStop built its reputation as the meme stock. Now it's using one of Wall Street's oldest tools.
Q1 2026: $835M net sales (+14%), the highest quarterly profit in the company's history, and a $2 billion share repurchase authorization valid through June 2029.
The story behind this goes back to November 17, 1982 — the day the SEC adopted Rule 10b-18, creating a legal safe harbor for corporate buybacks for the first time.
Smart strategy or Wall Street's old playbook? Drop your take in the comments.
Educational content only — not financial advice.