Some Reddit users took advice from the "WallStreetBets" forum and made big money on GameStop stock. Now a 20-year-old college student who cashed in is using some of that newfound wealth for good, buying gifts for a children's hospital.
The stock is up more than 250 percent year to date, rising sharply last week afterGameStop announced Chewy CEO Ryan Cohenwas joining its board,CNBC reported. Short-seller Citron Research predicted the price would drop, but members of the Reddit board r/wallstreetbets, who had been generating...
GameStop’s stock market explosion, explained The individual suing Gill, Christian Iovin, alleges Gill was illegally manipulating GameStop’s share price by encouraging his YouTube and Reddit audience to hold all their shares of GameStop, causing what’s called a “short squeeze” that artificial...
, Reddit and Twitter) on stock market behavior by conducting a case study on GameStop. Although users’ dynamic opinions on social networks may have a detrimental impact on the stock prediction task, our investigation has demonstrated the usefulness of assessing user-generated content inferred from ...
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 anothe...
“No disruption is easy or happens in a straight line,” Cuban said in an “Ask Me Anything” discussion on Reddit’s WallStreetBets. “Stay with it. I am a believer.” He said he does not own any GameStop shares, but said what smaller traders are doing to its stock is the ...
Subreddit r/WallStreetBets has been the talk of the Internet this week, as its members have driven GameStop’s stock pricesfrom around $20 to over $300. The community brands itself as “like 4chan found a Bloomberg Terminal,” and as time has gone on, it’stargeted other unlikely stoc...
took to social media platform Redditt to discuss stock ideas. Under the "subreddit" r/WallStreetBets, a large group of savvy retail investors banded together to orchestrate a short squeeze. The plan worked, and institutional investors who were heavily short the stock were "squeezed" sending GME...
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...
(BB)and a bunch of other stock picks from the WSB group are soaring is because the way people trade stocks has changed dramatically. No-fee apps like Robinhood democratize access to financial markets. Who needs high-paid Wall Street analysts when you can get stock tips for free on Reddit?