Reddit IPO stock price: Live updates as the internet reacts So far, no crash. March 21, 2024 Reddit prices IPO at $34 per share. r/wallstreetbets predicts it will tank. The infamous stock trading subreddit has little faith in Reddit's stock market debut. March 21, 2024 The FTC is...
Moderators of the WallStreetBets online discussion forum, which has been credited with creating a frenzy in the shares of GameStop and others, said bots are responsible for a "large amount" of the stock-recommendation content being posted in its popular Reddit group....
Reddit escalates its fight against AI bots Richard Lawler E*Trade reportedly “considers” shutting down Roaring Kitty’s account after new GameStop posts. Keith Gill, the same Redditor whosparked a frenzy in 2021has returned, and the stock is spiking again. TheWSJreports that in addition to...
The lesson is this -- there are reasons that volumes are exploding, but trying to trade off FOMO alone is not going to make you money. Trading with impact money, like the big banks that are trading WITH the YOLO names...now that is how you can really clean up. ...
The decrease in sales had been reflected in its stock price. In 2014, it was trading at $50/share. By late-2019, it was down to $3.50. But one WallStreetBets user noticed an opportunity. The company still had excellent cash reserves, a lot of retail locations, and had replaced its ...
Cybersecurity firm says social media bots hyped GameStop during trading frenzy Photo by Sean Hollister / The Verge A cybersecurity firm found that bots were promoting GameStop stock on social media before and after the stock’s frenzied rise last month,Reutersreported.Massachusetts-based PiiQ Media...
The mania shone a light on the millennial-favored stock trading app Robinhood, which made the unpopular decision torestrict tradingof certain securities, including GameStop, during the trading fiasco. "What we experienced last month was extraordinary, and the trading limits we put in place on G...
s approval by commercial entities "with no regard for user rights or privacy." The deals helped bringRedditthe money it needed to debut on Wall Street in March, with investors pushing the value of the company close to $9 billion seconds after it began trading on the New York Stock ...
During his testimony,Robinhood CEO Vladimir Tenevadmitted that the company made some mistakes during the meme stock trading frenzy. But he was somewhat evasive whenCongresswoman Madeleine Deanasked him to elaborate. “You admitted to making mistakes,” Dean said. “Specifically, what mistakes ...