College Student Who Made Big Bucks Off GameStop Stock Pays It Forward

Feb 2, 2021, 8:35 AM

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

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

(Courtesy Hunter Kahn)

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

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, two Nintendo Switches, multiple games and e-shop gift cards, and screen protectors and cases for the Switches.

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.

KSL 5 TV Live

Good News

Joe Donnell was named the recipient of the Carnegie medal for rescuing nine-year-old Paxton K. Knig...

Shelby Lofton

‘The highlight of my life:’ Utah man who rescued child from sinking truck honored with prestigious award

A Kamas man, Joe Donnell, is being honored with the Carnegie medal for rescuing a 9-year-old boy who was drowning in a sinking truck last year. The boy, Paxton Knight, lived and their families are still in touch; even reuniting for holidays together.

6 days ago

(Jay Hancock/KSL TV)...

Eliza Pace

Utahn to receive Carnegie Medal after saving boy from truck submerged in reservoir

A Utah resident is being honored with the Carnegie Medal for heroism after risking his life to save a child stuck inside a car that was sinking into a reservoir.

7 days ago

A puppy sits on an airplane during a training exercise held at Detroit Metropolitan Airport Tuesday...

Mike Houserholder, Associated Press

Puppies training to be future assistance dogs earn their wings at Detroit-area airport

Five puppies learning to serve as assistance dogs had a howling good time during a training exercise at Detroit Metropolitan Airport.

9 days ago

Steven Harward and friends surprise employees at Monarca restaurant in Salt Lake City....

Ashley Moser

Group of friends leaves $10,000 tip at downtown Salt Lake Mexican restaurant

A local restaurant gets the surprise of a lifetime after a group of customers leaves something unexpected on the table.

13 days ago

van in front of a house...


2-time cancer survivor gets the ‘gift of cool’

In July FM 100.3 listeners were asked to nominate a family in need of a new air conditioning unit. The winner, Adam Larsen, is a two-time cancer survivor who was nominated by several people to receive the gift.

25 days ago

Leo the cat....

Mark Thiessen, Associated Press

Alaska couple reunited with cat 26 days after home collapsed into river

The lucky kitty was reunited with his owners in Juneau, Alaska, 26 days after the family's house fell into the swollen Mendenhall River

27 days ago

Sponsored Articles

Design mockup half in white and half in color of luxury house interior with open plan living room a...

Lighting Design

Lighting Design 101: Learn the Basics

These lighting design basics will help you when designing your home, so you can meet both practical and aesthetic needs.

an antler with large horns int he wilderness...

Three Bear Lodge

Yellowstone in the Fall: A Wildlife Spectacle Worth Witnessing

While most people travel to this park in the summer, late fall in Yellowstone provides a wealth of highlights to make a memorable experience.

a diverse group of students raising their hands in a classroom...

Little Orchard Preschool

6 Benefits of Preschool for Kids

Some of the benefits of preschool for kids include developing independence, curiosity, and learning more about the world.

rodeo contestant on a saddle bronc...


Get Ready for the Days of ‘47 Rodeo!

The Days of '47 Rodeo is a series of events everyone in the family can enjoy, with world-class rodeo contestants vying for the gold medal.

Electric LED Lightbulb Change In Light At Home...

Lighting Design

How to Know When to Upgrade Your Lighting

This guide explores indicators that suggest it’s time for a lighting upgrade with tips to make an informed decision when you’re ready to buy. 

Brunette guy in headphones playing games on his desktop computer...

PC Laptops

Looking For a New Computer? Use This Desktop Buying Guide

Choosing a new desktop computer can come with a lot of questions, so we created this desktop buying guide.

College Student Who Made Big Bucks Off GameStop Stock Pays It Forward