As much as the media would love for this to be a pure David vs Goliath story with some “virtuous” individual investors from Reddit doing battle with the evil hedge funds rooting for a company to go out of business, that’s not really what happened. WallStreetBets did play a part, and...
Unless you’ve been completely cut off from the outside world, there’s a good chance you’ve heard the wordGameStopcirculating around social media and in news headlines over the last couple of months. And along with GameStop, it’s also likely that the words and phrasesReddit,WallStreetBe...
Any positive news could see shares rise and cause them to make a loss – and this is what has happened with Gamestop. What is Reddit? Reddit is a social media website where you can visit individual forums to discuss all kinds of things from relationships and cars to investing. Users on...
A brigade of amateur stock traders and populist avengers is behind the sudden surge in the stock prices of companies that have struggled during the pandemic. The rebellion began withGameStop, the near-bankrupt video game chain retailer and has moved on to other consumer stocks as the Redditors...
What happened with gamestop stock? GameStop stock is so popular because it was at the center of a highly orchestrated retail short squeeze. The stock has become iconic amongst the retail trader community. It has become synonymous with the little guy in retail trading and symbolizes the ongoing...
What happened with Robinhood and GameStop? On the morning of Jan. 28, Robinhood posted a blog saying it was limiting users by preventing them from buying stocks from several companies such as GameStop,AMCandNokia. It cited "market volatility" as its reasoning and would only allow customers to...
Jeff Bakalar talks to CBS News Business Analyst Jill Schlesinger about GameStop's wild stock ride and how a subreddit helped kick off its meteoric rise in the face of the financial institutions that had been shorting it.
— Reddit Status (@redditstatus)February 24, 2021 So what do you need to know? The Reddit crash had the r/WallStreetBets crowd fired up. Keep a close eye on the social media platform and on GME stock. Maybe we will see another wave of the Reddit stocks rally in the coming day...
If you, like many investors, saw what happened withGameStop(NYSE: GME), you likely have this question. After all, it’s not a strategy often used by the common investor. Here, we’ll answer your question. But before we talk about short squeezes, there’s something you need to understa...
Roaring Kitty is Keith Gill who was also on Reddit as u/deepF...Value and active on the subreddit r/wallstreetbets. GME is squeezed again GameStop shares drifted steadily lower after the initial meme stock craze, settling at around $10 a share by the spring of 2024. ...