One thing analysts watching wonder is whether the Reddit investors will lose their millions whenever the stock eventually crashes back to earth. Rogozinski, the man who helped found the Reddit community, said their approach to investing asmore like gamblingthan traditional analysis and strategy. ...
Small investors using a Reddit forum appear to have driven the stock of the struggling retail chain GameStop up nearly 800% and it's causing some major financial losses for seasoned Wall Street investors. Vladimir Duthiers has the details. CBS News business analyst Jill Schlesinger also joins "...
Watch CBS News GameStop GameStop shares soar after "Roaring Kitty" reveals $116 million stake GameStop's stock price jumped more than 87% in pre-market trading following post on Reddit linked to trader Keith Gill. Jun 3, 2024 Meme stocks like GameStop and BlackBerry are back. Here...
Meanwhile, a lone investor on Reddit, a social website on which users can discuss news and opinions, was promoting GameStop and suggesting users band together to short squeeze its stock despite initially getting little interest from other investors on a forum called WallStreetBets. GameStop rep...
On Monday (Jan. 26), smaller investors congregating on Reddit and using the Robinhood app resulted in a short squeeze, which in simple terms is when stocks rise rapidly in value which puts traders to buy it back after they put their bets on the stock price falling. As a result, buye...
GameStop Corp. shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading frenzy that roiled stock and commodity markets appeared to fizzle, at least for now. The videogame retailer's shares, whose wild gyrations have made or lost bil...
Gill goes by “DeepF———Value” on Reddit, and by Roaring Kitty on X and YouTube. He later posted a picture of the reverse card from the card game “Uno” on X. GameStop stock was all the way up to $43.57 per share at about 7:15 a.m. on Monday. The company said ...
Roaring Kitty'slast update on Redditin June of last year showed that he was still holding 9 million GameStop shares, which is equal to roughly$280 millionbased on what the stock is currently trading at. Gill has also allegedly dropped hints that he was looking at another...
Before the theater chain's leap on Wednesday and Discord's crackdown, people on r/wallstreetbets' Discord server "spent hours creating memes and spamming AMC emoji in an effort to convince thousands of people to buy AMC stock," according to the Verge. Before the group's Reddit board went ...
stocks before the bell, with analysts putting the moves partly down to herds of amateur investors chasing tips from Reddit discussion threads or the private Facebook group "Robin Hood's Stock Market Watchlist". "These are not normal times and while the (Reddit) r/wallstree...