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The suggestion that Reddit would be a great research tool was questioned by some. There was the threat of regulators becoming heavy-handed about internet chat rooms to consider and the likelihood that Reddit vs Wall Street would be a fad. The amorphous group of Reddit users had...
AMC listed the preferred shares under the symbol "APE" in a nod to Reddit's wallstreetbets stock trading forum, where participants often describe themselves as apes. AMC became a "meme stock" during the COVID-19 pandemic, raising more than $2 billion in 2021 as retail investors piled into...
Other favorites withWallStreetBets, the Reddit forum that spurred the meme-stock craze three years ago, jumped in pre-market trading on Tuesday. Among them are movie-theater operator AMC Entertainment, whose shares soared 31%, and BlackBerry, with a 12% gain. GameStop shares spiked 60%. Th...
And they raised questions over who — be it hedge funds shorting the stocks or the people on Reddit helping directly or indirectly to drive them higher — had the right to move markets. Shares of movie theater operator AMC Entertainment (AMC), ailing due to coronavirus-related shutdowns, ...
Reddit users are betting they can take GameStop shares "to the moon." Getty Images But for some on Wall Street, it's the latest sign of how social media can upend everyday life. Twitter has changed the worlds of news and politics. YouTube and Instagram have transformed the fashion, ...
Other favorites withWallStreetBets, the Reddit forum that spurred the meme-stock craze three years ago, jumped in pre-market trading on Tuesday. Among them are movie-theater operator AMC Entertainment, whose shares soared 31%, and BlackBerry, with a 12% gain. GameStop shares spiked 60%...
NEWS Reddit rockets to the moon as GameStop, AMC stock frenzy continues Where's the rocket ship emoji when you need it? CREATIVITY Top 5 ads of the week: A feminist “Old MacDonald,” Chase banks on Serena, and more AMC delivers Los Pollos Hermanos, a new paint line is inspired by ...
An online army of traders using the online site Reddit banded together for the past two weeks to snap up shares of GameStop, AMC and other struggling chains, stocks that have been heavily shorted (bets that the stock will fall) by a number of hedge funds. In the process, they’ve done...
User Starduststones added to the Reddit thread: “Support out local theaters, and for sure … YOLO!” Jan. 27, 1:30 p.m. Updated with news that AMC had completed its at-the-market offering. Jan. 27, 4:00 p.m. Updated with AMC’s price at market close. Related Stories Related ...