Items tagged with wallstreetbets
Pretty soon you might be able to own a piece of Reddit, the hugely popular social news site, and also one of the most visited websites of any kind. Last night Reddit announced it is in the beginning process of going public, having filed a confidential initial public offering (IPO) with the...
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Earlier this year, amateur investors over at the WallStreetBets subreddit drove GameStop stock to the moon, peaking around $350 in January this year from the prior $20. This led investment firms who bet against GameStop to lose quite a bit...
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Yesterday into today, GameStop stock soared up 163% to around $150 a share. This massive movement harkens back to the extreme GameStop stock increase we saw earlier this year, and it seems the Redditors with diamond hands at...
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It has been a wild few weeks on Wall Street after the so-called "degenerates" over at the WallStreetBets subreddit decided to go all-in and prop up faltering gaming retailer GameStop. The company has been down on its luck, posting $267...
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If you looked away for a split second, you might have missed it, but Reddit ran its first Super Bowl (or "Superb Owl") advertisement yesterday. Within a flash, a text box that looked something like a Reddit post appeared. During the short...
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The events on the /r/WallStreetBets subreddit that occurred over the past few weeks were nothing short of chaos, degeneracy, and, in the purest definition of the word, awesome to watch unfold. What transpired culminated in the subreddit...
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A little over a week after Robinhood first began limiting trading for shares of GameStop (NYSE: GME), the company has now reversed its decision. Robinhood's initial move drew considerable backlash from the very same everyday investors that...
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Given the dramatic rise in share prices for so-called "meme stocks" like GameStop (NYSE: GME) and AMC Theaters (NYSE: AMC), there has been a flurry of activity from an influx of everyday traders. Spearheaded by the so-called "degenerates"...
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In the last week, the GameStop fiasco has expanded to several other stocks and now cryptocurrencies. The whole event is becoming something of a meme, which has angered some people higher up the chain. Some companies, such as the...
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Last week was a crazy one for seemingly down and out companies that have been severely impacted by the COVID-19 pandemic. We're of course talking about GameStop, and to a lesser extent companies like AMC Theaters and BlackBerry. It's a...
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As the WallStreetBets fiasco heated up yesterday, Robinhood and other companies were restricting free trade of GameStop and AMC stocks under the guise of “helping users.” Since then, people have been outraged, enough so to initiate...
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Earlier today, we reported that Robinhood and TD Ameritrade were restricting trading for a rash of stocks including GameStop and AMC. At the time, Robinhood said that it was making the decision to help its users stay informed in its...
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Yesterday, we reported on the subreddit /r/WallStreetBets that was effectively gaming the stock market and driving shares of GameStop stock to the moon. Today, it seems as though the crazy train just is not ending. The crowdsourced...
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While many gamers have been racking their brains trying to figure out what's going on with PlayStation 5 and Xbox Series X inventory, and how to get their hands on one of the consoles, a Wall Street firestorm has been brewing at GameStop...
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