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GME stock creates Robinhood lawsuit

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GME stock surge is all over the media and news outlets all across the world. A simple discussion on a reddit forum turned into a revolutionary idea of retail investors vs the Establishment.

The roller coaster ride sent Gamestop shares ( NYSE: GME ) from 5 to 140 to 350 and ~ 500 USD creating massive hysteria among short sellers. Hedge fund managers assume the stock will go down in price by 29th of January 2021. Hedge fund managers first borrowed the stock, now they have to pay it back to their lenders, regardless the price. This caused an even bigger price increase as managers scrambled to cover the positions.

More information in regards to hedge funds or short selling can be found here:

Hedge Fund – newsflash

What Is A Short Sell? – newsflash.press

The overall effect was that by mid day Thursday, the stock was trading on average 300 USD. A tweet by Elon Musk , sent the stock soaring even higher to a staggering 450 USD! This is where it gets dirty though.

During Thursday’s and Friday’s trading days, multiple HALTS happened. These events stop the trading activity for 1-5 mins. It’s common for brokerage firms to halt a trade for extremely volatile shares.

Restrictions in trading GME

Soon after the highs registered on Thursday mid day, some brokering apps – most notably RobinHood – prevented it’s retail investor base ( the little guy ) from further buying the stock. Obviously, if further buys were in place that would have sent the stock even higher, possibly near the 1000 $ . This was forcing short sellers to cover their positions at much higher prices. Other applications such as TD Ameritrade, WeBull or Revolut also followed suit, some restricting the amount of shares that could be bought, others preventing cash buying orders altogether.

In an interview, Robinhood CEO dangled in between “protecting it’s investors” and “having financial/regulatory requirements”. It’s ironic for it’s name – Robin hood – since it seems to be doing quite the opposite of what the legendary medieval hero was doing. During the interview Chris Coumo reveals Citadel hedge fund owns part of Robinhood . The aforementioned hedge fund had a big short position set to expire on Friday the 29th.

Chris Coumo questioning Vlad Tenev live

The full interview with Chris Coumo:

Robinhood CEO speaks to Cuomo after GameStop stock chaos (cnn.com)

The only authority which can define whether a security should not be traded is the NYSE or the SEC. In very special circumstances (such as fraud or investigations of a company’s material listings) these organizations have the authority to stop certain trades. In any case it doesn’t explain why these apps like Robin hood allowed it’s users to sell but not buy. Due this reason other investors such as Elon Musk questioned Vlad Tenev in a recent interview on Clubhouse.

Disgruntled users uninstall Robinhood, leave 1 star ratings

Because of the whole ordeal, a staggering 100.000+ users uninstalled and shared negative, 1 star ratings and comments. Google initially removed the said comments. In a more recent development however the search giant will no longer interfere on the matter. Regardless, disgruntled users are still voicing their frustrations

A similar event went on in April 2020 with traders attempting to access commodities such as oil. The commodity traded at negative values because of the petrol crisis . A fully blown global pandemic further fueled the price decrease. During those times some users reported the app as “down” or unresponsive while the retail consumers attempted to purchase oil.

Upcoming lawsuits

The decisions made by the firm drew the attention of opposing members of the political spectrum in the USA. In an almost unprecedented event, Republican Senator Ted Cruz backs up Democratic House Representative Rashida Tlaib and Alexandria Ocasio-Cortez (AOC). They describe Robinhood’s actions as “unacceptable”, “market manipulation” to protect hedge funds. The political figures requested Congress to investigate the company’s decision “to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit”.

Democratic Representative AOC describes Robinhood's actions as market manipulation

Source: AOC, Ted Cruz slam Robinhood for freezing some trades amid GameStop volatility | TechCrunch

A class action lawsuit was filed in the Southern District of New York against Robinhood on January 28th. The reasoning was on grounds of market manipulation. Throughout the lawsuit it is stated the app “purposefully, willfully, and knowingly removing the stock ‘GME’ from its trading platform in the midst of an unprecedented stock rise […] deprived retail investors of the ability ot invest in the open-market and manipulating the open-market.”

Will GME stock continue to soar this week? Will short sales squeeze again on Friday? Only time will tell.

Alabama Football

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Alabama Football

Alabama Football seems close to score the second victory of the 2022 football season on Saturday . The local team – Crimson Tide – faces the Texas Longhorns.

Within the match we have the first clash between Nick Saban and Steve Sarkisian since Alabama’s previous offense coordinator left to coach. Sarkisian was Crimson Tide’s play caller during the 2019 and 2020 seasons.

Alabama football - Nick Sabann
Alabama Football results

Saban describes him as “very bright, very well organized. He did an outstanding job when he was here. He’s got a good system. He understands defense. He likes to see what you’re in if he can, so that he can run a play that’s going to be an effective play against that particular look or give his players the best chance to be successful.”

15 YEARS OF SABAN: Relive the thrills of Alabama football’s return to power with our special hardcover book ]

Sarkisian will now have the tough test of trying to beat his former boss and the top team in the country.

No. 1 Alabama (1-0) will face No. 22 Texas (1-0) on Saturday in Austin, Texas.

IMPOSSIBLE PLAY:The Steve Sarkisian play a former Alabama football, Texas LB said almost never could be stopped

ALABAMA FOOTBALL:Nick Saban showed Steve Sarkisian compassion others wouldn’t, making Saturday matchup possible

HORNS DOWN:Nick Saban on alert about horns-down penalty ahead of Alabama football vs. Texas

live updates

Live updates for the match can be seen on Twitter :

At the time of this update the 15 penalties against Texas are the most N. Sabban had ! How will this epic clash end ? Will the former member of one team, now working for another, have the chance to defeat his old team ? Stay tuned to find out! Whether it goes one way or another, for sure this will be a great football match since there’s been 15 penalties already!

The Queen died

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Queen Elizabeth died age 96

The Queen died yesterday the 9th of September , 2022 after a series of health hurdles, including having contracted COVID previously. The funeral will take place on Monday , Sept 19 at Westminster Abbey . The Queen was 96 year old.

Her soon to be King son – Charles – confirmed that 19th September will be a bank Holiday. During the funeral procedure, the Queen’s coffin is carried by six game keepers from the Balmoral . One of the stops is the Palace of Holyroodhouse in Edinborough Scotland. Another one is Buckingham Palace.

The Princess – as per tradition – will escort her mother’s coffin to Edinborough. Eventually , Queen Elizabeth, will be buried at Windsor, next to her late husband Prince Phillip.

Many leaders – acting or former – have expressed condolences to the Royal Family. One such example is former ex Romanian President Ion Iliescu who stopped his Arctic tour in order to attend the ceremony:

https://247newsbulletin.com/politics/283850.html

The coffin will remain raised on a box in the middle of Westminster Hall , open to the public 23 hours per day . Most prominent senior members of Church of England will lead the ceremony. Archbishop of Canterbury will arrive with at least 2 000 dignitaries from around the world.

The tradition states members of the Royal Navy will place the coffin a on a green gun carriage to be then hauled. This tradition started in 1901 when horses at Victoria’s funeral threatened to bold.

The Queen died aged 96
Queen Elizabeth at 95 years old

Before the final stage, Elizabeth’s son, Charles will spread a handful of red soil from a silver bow.

Ever since the queen died, people across the world have expressed various feedback. Some critics held her responsible for condoning black and white separation and only approving of black people working with the royal palaces 20 years after in power. Others expressed admiration as being one of the few Royal family members who witnessed the rise , and fall of the Berlin wall, the social liberation movements of the mid 20th century, the tech revolution and war against terror.

Jane Fonda has cancer ,undergoing treatment

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Jane Fonda is diagnosed with cancer and currently undergoing chemotherapy treatment. This news was made public Friday via an Instagram post, september 2nd 2022.

The 84-year-old actor said in an Instagram post Friday, Sept. 2, 2022, that she is diagnosed with non-Hodgkin lymphoma. The actress began a six-month course of chemotherapy.

Jane Fonda announced on Friday that she has been diagnosed with cancer and is in treatment.

The actress, activist and former fitness star issued an optimistic statement on Instagram, informing her followers about her condition.

“I’ve been diagnosed with non-Hodgkin’s lymphoma and have started chemo treatments,” Fonda began in the lengthy post. “This is a very treatable cancer. 80% of people survive, so I feel very lucky.”

Jane Fonda - Holywood star and fitness guru
Jane Fonda – Holywood star

Fonda added that she will be undergoing chemotherapy for six months and that she is “handling the treatments quite well.”

Jane Fonda Continues ‘Fire Drill Fridays’ In Protest Lack Of Action On Climate Change

Non-Hodgkin’s lymphoma is a kind of cancer that starts in white blood cells, generally in the lymph nodes and lymphatic tissues that are part of the immune system. According to the American Cancer Society, the overall 5-year relative survival rate for people with NHL is 73%.

Throughout much of her career, the Hollywood icon has been devoted to a life of activism. And now, at 84, Fonda assured fans that she will not let her illness to interfere with her fight for climate change.

“We’re living through the most consequential time in human history because what we do or don’t do right now will determine what kind of future there will be and I will not allow cancer to keep me from doing all I can,” she wrote.

“The midterms are looming, and they are beyond consequential so you can count on me to be right there together with you as we grow our army of climate champions.”

We wish you a speedy recovery, Jane.

Serena Williams – Last U.S. Open

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Serena Williams last US open

Serena Williams takes the stage late Monday for her first match of her her last U.S. Open.

In New York City at Arthur Ashe Stadium she will face her opponent Danka Kovinic. In the past, Serena won at this venue back in 1999 when she was only 17 years old.

Williams who is now 40 has announced her plans to retire from tennis. She will leave behind decades long career in which she transformed the women’s game. Moreover, the sports star also won 23 Grand Slam single titles.

Serena Williams says she intends to retire from tennis after the U.S. Open

“With her powerful serve and return of serve and athleticism, she really set that standard in the women’s game,” NPR’s Tom Goldman told Morning Edition.

“Her story of the early years in Compton, California, with sister Venus, under the tutelage of their dad, ‘King Richard,’ now of movie fame, that all became part of her legend and paved the way for more young people of color to pursue what had traditionally been a white sport,” Goldman said. “And she brought more people of color into the stands to watch as well.”

As she prepared to make her appearance Monday, Serena received tributes from fellow athletes and fans, including an appearance on the cover of Time magazine.

Serena Williams - Last U.S. Open
Serena Williams at Last U.S. Open

Williams has won six U.S. Open singles championships, the last in 2014. On paper, she is the overwhelming favorite on Monday night, with a 20-0 record in U.S. Open first-round matches — without dropping a set since 2001, according to the U.S. Open.

Serena is currently ranked 605th for singles, returning to play only recently after suffering some previous injuries. Her opponent, 27-year-old Kovinic from Montenegro, is on the 80thet rank. The Star had a loss against Naomi Osaka in a previous Open in Australia:

https://newsflash.press/wp-admin/post.php?post=783&action=edit

Serena Williams’ focuses on business

Williams played 4 matches, and only won one, sports commentator Howard Bryant of Meadowlark Media told Weekend Edition.

“She really is, probably for the first time in her life, an underdog” to win the U.S. Open, Bryant said. “But boy, what a magical fairy tale story if she can come to New York and pull off some magic.”

After she retires from tennis, Williams will continue her pioneering ways and focus on developing a venture capital firm she formed eight years ago.

Jerome Powell latest speech

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Jerome Powell - inflation reduction

Jerome Powell – current Chair of Federal Reserve – spoke this Friday the 26th of August. It is very likely that large interest rates hikes will come in the next months. As part of their dual mandate, their goal is to make sure inflation is under control.

Powell accrued a hawkish tone, stating the continuing monetary tightening will cause ‘pain’ for many households and some businesses. Higher central bank interest rates would mean the less money on the market, effectively making the dollar more ‘scarce’. To achieve this, the central bank interest rates rise. Because of this, the consumer interest rates to rise as well.

The effects of inflation:

“These are unfortunate costs of reducing inflation” stated Powell in writing. The Jackson Hole held speech continued with “…a failure to restore price stability will cause far greater pain”.

The Fed’s message spooked investors and caused a sell off in the major indices on Friday . However, in a way, this is good that is happening since the latest inflation rate is now around 8.5%. Indeed, this was lower than the previous month, ~9.5% however the market believed last month that inflation has peaked and started buying again. Because of this, there were a group of investors who believed that because inflation has peaked this would mean the FED will stop raising interest rates.

In reality though, the interest rates need to stay around 2% and until that number is not reached , the Fed will continue to find a way for cuantative tightening.

Jerome Powell wants to curve inflation ?

In the article below there is an in-depth explanation on what inflation is. What Jerome Powell wants to do is actually good in the long run, despite what most markets participants think. The reason for this is because if inflation is not controlled right now, the US can lead into a stagnating economy for the next several years.

For the past months, there have been 0.75% raises of interest rates, the highest and fastest rate increase ever since the 1980’s. Jerome Powell said that this pace might ease up ‘at some point’. The hawkish tone was negatively interpreted by the market and caused a sell of on Friday.

In most recent data, CPI index came down to 6.3% in July, slightly less than 6.8% in June this year. This is a bullish signal for the long term as the Fed’s mandate so far is working to tame down inflation. More about the inflation numbers:

Overall, the consensus is that 2022 will end with an additional 1.25% interest rate hike. There have been rumors about cuantatative easing which is similar to the 2020 policy of the stimulus checks. However, that policy right now wouldn’t make much sense and it would actually have the opposite effect of controlling inflation.

Read more about Jerome’s Powell inflation reduction act:

Later edit:

Before the upcoming elections, the democrats have announced several actions similar to the stimulus check in 2020. However, this will indirectly have a similar effect to 2020. These will somehow contradict the current Fed policy and have the effect of rising inflation again due the increased ‘supply’ of cash on the markets.

APE stock

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APE dividend stock of AMC

APE stock dropped last week to holders of the AMC theaters stock.

THe initiative started from the CEO of the company to reward the long time holders of the theater stock. However, there was another reason to this dividend / preferred stock: to show the world how many shares of AMC exist in reality.

For those who are not aware, there were times in the market when the short interest was higher than 100%. Short selling interest depicts how much of the total number of stocks are being sold short by investors. Since the number is higher than 100% this effectively means there are more shares trade than actually exist.

News came as AMC short interest declined as APE appeared , causing retail to sell. This data is contradictory with most brokers inflow / outflow though.
Apparently investors sold “AMC” stock as APE appeared

This practice, although banned ever since the 2007-08 crisis, continues to happen through various loopholes in the financial system:

Naked Shorting (investopedia.com)

The current short interest rate of AMC , coupled with the number of shares reportedly held by retail investors, still equate to more than 100%, according to live Ortex data :

Live Short Interest – Updated throughout the day – ORTEX

Reason to manipulate

The debacle started in January 2021, when a series of “meme stocks” such as GME , AMC, BB rallied to astronomical highs in a short amount of time:

GME stock creates Robinhood lawsuit – newsflash

The whole ordeal started after several investors took it to reddit and coordinated a short squeeze which lead to forcing the short sellers to buy back the stock at a higher price so they can pay back the borrowed equity.

Robinhood receives flood of 1 star ratings

During those days, some brokers, most notably Robinhood , prevented the purchase of this equity in order to “protect it’s investors”. Giving that search interest was all time high during that time, it was obvious they desire was to keep the price down. However, only the SEC can stop a trade like that, and it is usually for fraud investigations which was not the case here.

In a public hearing, the CEO of Robinhood – Vlad Tenev, gave a half hearted apology after hours kicking the can down the road. He mentions he received a margin call from their broker/clearing house – Melvin capital who required them to add more collateral.

Eventually Melvin capital went bankrupt even though the price of GME never rose again to the previous highs:

How r/WallStreetBets took down a hedge fund and rode GameStop – (newsflash.press)

GameStop stock frenzy leads to class action suit; key online – newsflash

A new generation of investors

Traditionally, we have the bulls and the bears. However, nowadays given the movement of these meme stocks but also somehow influenced by crypto currency, a new term came out : Ape.

The APES are described as someone who doesn’t really research much about the equity and just “apes in”. Others describe them as someone who is interest in leveling the playing field.

APE units were distributed to the AMC shareholders on 1:1 ratio. AMC preferred equity ( APE) will have the same voting rights as common stock . On Monday 22nd, the stock opened at 6.95$.

Sadly, the trade was halted briefly as the stock reached 9.49% and eventually a little over ten dollars. The trading day closed at 6$.

The CEO Adam Aron announced these shares as a special gift to the AMC holders who he owes for saving the company from bankruptcy in 2021.

APE stock explained by CEO
AMC CEO on APE new stock
Will the APE stock rally to astronomical highs like GME and AMC did in 2021 ? Or will the hedge funds keep wash trading options in their ETFs so they can keep the price down ? Will the SEC act on this ? Only time will tell

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Kobe Bryant’s court room – Ciara testifies

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Kobe Bryant

Ciara came to Kobe Bryant’s court room to company Vanessa Bryant.

The two stars have been best friends for several years. Ciara has always supported Vanessa ever since she lost her husband Kobe Bryant. The widow also lost their daughter – Gigi – in the helicopter crash of 2020 that shocked the world.

During the court hearing, Vanessa left the room several times. Ciara followed her to provide emotional support.

The scope of the trial is initiated by the widow against Los Angeles County’s officers that shared pictures from the crash site. Vanessa claims the pictures caused her emotional distress.

So far, the trial is going on for nearly 2 weeks. Vanessa testified that she is mortified by LA county officers decision to share those pictures.

For the audience members who dont know, Kobe Bryant and his daughter died in a tragic helicopter accident in early 2020. The sad loss of a famous basketball legend came during a moment of increased political turmoil in between the US and CHina. In addition , the Coronavirus pandemic was just starting, with the alpha version being the most deadliest for elderly and people with conditions. You can read more about the topic below:

Kobe Bryant Private Helicopter Crash Was in a Sikorsky S-76 Type (insider.com)

Because of graphic images being freely shared on social media and the general internet the widowed wife – Vanessa – has filed a law suit against Los Angeles county.

Vanessa Bryant to testify again

Gigi’s favorite soccer player – Sydney Leroux – was present in the courtroom Friday. The soccer player was Gigi’s inspiration to wear No.2.

Ciara and Vanessa - good friends - presenting themselves at Kobe Bryant's trial.
Ciara and Vanessa seen at Kobe Bryant’s crash death trial

Vanessa showed appreciation to Leroux for presenting himself and show support during the trial .

Sydney Leroux — Gigi’s favorite soccer player and inspiration to wear No. 2 — was present in court Friday.

The widow could testify again, her lawyer states.

The 43 year old athlete and his daughter were in the same aircraft as the wife of another individual. The widowed husband also shares a common train of thought with Vanessa Bryant. He fears the graphic pictures will resurface soon, despite the multiple requests not to:

Man who lost his wife and daughter in Kobe Bryant helicopter crash testifies he lives in fear of the graphic photos resurfacing – CNN

If you are interested in the recent WNBA updates and play offs you can visit:

WNBA playoffs : Liberty Skies , Mercury Aces live – newsflash

House of the Dragons – Game of Thrones

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House of Dragon , predecessor Game of THrones

Game of Throne’s predecessor , House of the Dragon is now live on HBO Go and other streaming services. It introduces a slew of characters similar to the ones that lived or died in Game of Thrones.

Warning! From this point on , this article might contain spoilers. You have been warned.

House of the Dragon’s action is set up aproximately 200 years before Game of Thrones started. None of the initial legendary series characters are present as they’re not yet born. However , you might be in luck for a Jon-Snow sequel series.

As the name of the series suggests , House of the Dragon focuses on the Targaryen family. This is the family that rules Westeros for 300 years before the “Mad King” Aerys Targaryen was impeached by Robert Baratheon.

Warning ! Episode 1 spoilers below

House of Dragon, predecessor of Game of thrones
Game of Thrones predecssor – House of the Dragon’s king

Starting at the end

THe series starts with opening credits and an uneasy vibe which leads to expect soon to come chaos. A narrating voice depicts the recent events:

King Jaehaerys Targaryen rule lasted more than 60 years, the longest ever. Both of his sons died so he starts a council to decide who would be the best fit to the throne. There are 2 main contenders: Prince Viserys Targaryen or Princess Rhaenys Targaryen. Council leans in favor of the prince though , as they aren’t comfortable with leaving a woman rule. The narrator suggests that Jaehaerys’s end goal also wants to avoid a civil war over the crown.

“The only thing that could tear down the house of the dragon,” the narrator continues, “was itself.” 

Skipping forward almost a decade, the narrator describes “It is now the ninth year of King Viserys I Targaryen’s Reign. 172 years before the death of the Mad King, Aerys, and the birth of his daughter, Princess Daenerys Targaryen.” 

Dragon Princess

House of the Dragon sets the stage to King’s Landing after the credits. A silver haired lady is flying down on a dragon. She is the daughter of King Viserys, Princess Rhaenyra Targaryen. She sort of handshakes with Alicent Hightower , after dismounting the dragon. Alicent is the daughter of Hand of the King Otto Hightower. They go on a walk together through the Red Keep where she enters the chamber of her mother Aemma ( “Emma) Targaryen. Emma is a few weeks again from giving birth. The younger Targaryen mentions that everyone has been talking about the upcoming baby but also that someone needs to take care of the laboring mother.

“You will lie in this bed soon enough, Rhaenyra” Emmea says. “This discomfort is how we serve the realm.”

The daughter answers : “Id rather serve as a knight and ride to battle and glory.”

Later on the show decpits how Alicent tutors Rhaneyra under a Redwood tree yet her focus is not on studying. Knowing her well, Alicent dicloses that Raenyra is always like this when she’s worried. She makes the assumption that Rhaneyra is worried that Viserys’ potential son will overshadow her.

WNBA playoffs : Liberty Skies , Mercury Aces live

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WNBA

The WNBA postseason is still live this Saturday and Sunday. In this season the formulae has changed to best of three first winners in the semi finals and finals for WNBA

There no longer byes for the top seeds but eight teams qualified for the post season: Las Vegas Aces, New York Liberty , Connecticut Sun and Seattle storm amonsgt others. These mentioned teams won the initial game of the series.

These are the current scores

WNBA playoffs first-round matchups

No. 1 Las Vegas Aces (26-10) vs. No. 8 Phoenix Mercury (15-21)

No. 2 Chicago Sky (26-10) vs. No. 7 New York Liberty (16-20)

No. 3 Connecticut Sun (25-11) vs. No. 6 Dallas Wings (18-18)

No. 4 Seattle Storm (22-14) vs. No. 5 Washington Mystics (22-14)

WNBA TV playoffs schedule

All times are EST.

Round 1, Games 1

Wednesday

New York 98, Chicago 91 (Liberty lead, 1-0)

Las Vegas 79, Phoenix 63 (Aces lead, 1-0)

Thursday

Connecticut 93, Dallas 68 (Sun lead, 1-0)

Seattle 86, Washington 83 (Storm lead, 1-0)

Round 1, Games 2

WNBA
WNBA in action

Saturday

New York at Chicago, noon on ESPN

Phoenix at Las Vegas, 9 p.m. on ESPN2

Sunday

Dallas at Connecticut, noon on ABC

Washington at Seattle, 4 p.m. on ESPN

Round 1, Games 3 (if necessary)

Tuesday

Chicago at New York, 8 p.m. on ESPN2*

Las Vegas at Phoenix, 10 p.m. on ESPN*

Wednesday

Seattle at Washington, 7 p.m. on ESPN2*

Connecticut at Dallas, 9 p.m. on ESPN*

*If both Games 3 on each night are necessary. If there is only one Game 3, it will be played at 9 p.m. on ESPN.

Stay tuned for further results! For other live content feel free to search our blog for the latest news brought to you live.

Interested in the economy ? Check out the finance section for the latest news on CPI, stocks or crypto!

6 flags shooting

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6 flags shooting

3 people were injured late Sunday evening ( 14th of August)in a drive by shooting at 6 flags in Gurnee, Illinois. The location is 45 miles away from Chicago. According to the authorities , none of the victims died. Furthermore, none of them have suffered life threatening wounds.

Gurnee, Illinois, is the home of the Six Flags amusement park as well as the Great Wolf Lodge and Gurnee Mills. The location is a popular family venue.

Local Police Department stated they received several 911 calls around 19:50 reporting gunshots outside the theme park. Officers quickly arrived to the scene and learned the suspect vehicle had already fled the scene. In addition, the security guard at Six Flags comments:“The shooting this evening was not a random act, and appeared to be a targeted incident that occurred outside the park. This was not an active shooter incident inside the park”

The amusement park also issued a statement to WGN Chicago around the security measures in place at the park : “Six Flags dedicates our greatest amount of time, talent and resources to safety and security. Layers of preventative measures both inside and outside the park are in place for the protection of guests and team members. We continue to review and enhance our protocol on a daily basis to ensure we are providing the highest level of safety.”

The popular family venue further describes their security systems as a broad range of security cameras – inside and out the park – as well as multiple security guards wearing regular clothes. In addition to this, the company claims that advanced screening technology allows them a more agile approach to incident response.

In the 6 flags shooting, amongst the victims, a 17 year old male from Aurora, IL , is currently in Advocate Condell Medical center. The young patience suffered an upper thigh wound. Another victim, 19 year old female from Appleton, Wi also suffered a lower leg wound. The final victim is suffering from a shoulder injury and declined hospitalization.

Currently there is a police investigation on going.

Some people call it the “Thrill Capital of the Midwest”, the Gurnee park is one of the 27 operated by Arlington. The Texan based company Six Flags is one of the seventh largest theme parks and operators in the world.