My probability of a direct link between Overstock's dividend and the GameStop 'squeeze' is probably less than 15%. The market environment and the retail investor coordination of GameStop in 2021 were unique catalysts, not just a simple replication of a dividend strategy. The structure of this dividend, although targeting short sellers, did not create the massive buying pressure without unprecedented mass coordination. For example, a similar dividend without the enthusiasm of online forums would have had a very low likelihood of producing a comparable effect on the stock price like GameStop. It is unlikely that the dividend mechanism alone was the main trigger.