Reddit logo displayed on a phone screen and GameStop logo in the background are seen in this illustration photo taken in Poland, February 1, 2021. /Reuters GameStop Corp. shares more than halved in value on Tuesday and silver prices retreated as the Reddit-driven trading fr...
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...
According toBloomberg, the past 10 days has been the most volatile period in GameStop’s stock in its history. At the close of markets Friday, GameStop was up more than 50 percent from its Thursday close, with a market cap of $4.5 billion....
A meteoric rise in the share price of GameStop has trained the eyes of stock market watchers on a fast-growing Reddit discussion board called Wallstreetbets, where it appears that 20-somethings armed withcheap and easy stock-trading apps like Robinhood, MooMoo and TradeStation are targeting st...
It's hard to overstate the impact that GameStop's sudden ascendancy has had, and continues to have, on the stock market. Hedge fund Melvin Capital Management required an investment of nearly $3 billion from two other funds to stabilize the company in the wake of GameStop's init...
GameStop became the testing grounds for WSB’s idea. It had all the right ingredients Reddit traders needed to make this epic short squeeze a reality. Big short interest? Check. Low stock price? Check. Small float, small market capitalization and dirt-cheap valuat...
WallStreetBets became major news in 2020 with the GameStop “meme stocks” craze. The subreddit jumped to more than 1 million subscribers, and some made it rich, some got sued, while some major players went broke, as is always the case when people play the stock market. Rogozinski argued...
They make use of the Robinhood app due to its ease of access to the stock market and trading. The most recent target of the internet forum was GameStop, which has been on shaky ground lately. While investors from the subreddit did take out shares of...
The market capitalization of GameStop (GME) was listed to be 918 million dollars at the beginning of 2020, increasing 25 fold to 23 billion dollars by the end of January 2021. Similar shifts in market capitalization were seen in other publicly traded companies as well.In this study, ...
As GameStop employees lose their jobs, the meme stock millionaire potentially sets his sights on a new stock to pump. Jan. 4, 2025 Reddit launches 'Answers' AI search tool to help solve your problems See ya, Google. Dec. 10, 2024 That story about ChatGPT saving someone's life turned...