gamestop reddit wallstreetbets

hide. September 2019 – A day trader in a Reddit forum known as r/WallStreetBets announced he was going long GameStop to the tune of about $50,000.Initially his peers were dismissive. A group of users on the Reddit forum, r/Wallstreetbets, noticed that the stock of GameStop has been undervalued by the market and is vulnerable to a ‘short squeeze’ (see below). 3.9k votes, 240 comments. REDDIT's WallStreetBets is creating a Super Bowl advertisement to "sh*t on the Robinhood app" after the company blocked GameStop trading, according to reports. It brought back that anger and flood of memories mentioned in the preceding paragraphs. By NME. View … report. GameStop mania took Wall Street by storm, thanks to a legion of retail traders glued to the WallStreetBets message board on Reddit. Log in or sign up to leave a comment Log In Sign Up. Members of the r/WallStreetBets Reddit community that’s taken Wall Street by storm discuss the GameStop frenzy and what drove them to scoop up shares. READ: GameStop, other Reddit-favoured stocks plunge as trading frenzy fizzles. Can’t stop, won’t stop, lift off. It has become notable for its profane nature, aggressive trading strategies, and role in the GameStop short squeeze that caused losses on short positions in U.S. firms topping US$70 billion in a few days in early 2021. Following through. Can an army of everyday traders on Reddit win a war against Wall Street? GameStop stock spike lingo: Here's what Reddit's WallStreetBets vocabulary means. A group of users of Reddit, the social media platform, turned the tables on Wall Street on Wednesday, pushing up the prices of previously unloved stocks in firms such as aging video games high street chain GameStop. GameStop stock, Reddit and WallStreetBets: what you need to know. best. Like 4chan found a bloomberg terminal share. Moderators of r/wallstreetbets, the Reddit forum behind a massive market rally involving GameStop shares, slammed the move. 6M in GameStop GME. But the number of projects surrounding GameStop and the investors on Reddit’s WallStreetBets is unheard of. WallStreetBets is an open group at Reddit, seemingly driven more by group sentiment than any leader, but championing GameStop shares appears in tune with a millennial, gamer-generation crowd. WallStreetsBets, a forum on Reddit that recently made headlines for boosting unlikely stock picks like Gamestop, has exploded in popularity over the past two weeks. The subreddit is famous for its colorful … r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. Posted by 210108:1:3. YOLO. Wall Street is in an uproar over GameStop shares this week, after members of Reddit’s popular WallStreetBets forum encouraged bets on the video game retailer. Basically a group of redditors on the subreddit r/wallstreetbets decided to band together to purchase GameStop stock (and other shorted stocks). save. An Open … Following through. Which is why the Hedge Funds vs. Reddit WallStreetBets/GameStop battle resonates with me. 65.7k. When people in the Reddit community r/WallStreetBets began pushing up GameStop's share price, establishment investors started losing billions and billions of dollars. YOLO. GameStop stock hit new heights recently Investors have used social media for years Reddit group moderators struggled to moderate the WallStreetBets group He also pointed out just how massive the short interest in the shares was, meaning … 6M in GameStop GME. The WallStreetBets Reddit community, which upended the stock market this week with its GameStop campaign, has exploded in popularity, but it's been around since 2012. Yes, if you look at GameStop’s soaring stock. Reddit forum r/WallStreetBets had cheered on retail investors who bought shares of GameStop and other "meme stocks" to burn people who bet against the companies. 4 2 2 76 90 95 3 90 2 2 2. Reddit favorite GameStop isn't looking so hot this week and some of the stock's biggest backers are freaking out. GameStop is still a Fortune 500 company which operates as the WORLD'S LARGEST MULTICHANNEL VIDEO GAME RETAILER. The video game retailer recently attracted the attention of short sellers — hedge funds and investors that bet on a company’s share price dropping — thanks to layoffs and dwindling sales.But these institutional investors seemed to ignore a … Last week, retail activists on Reddit’s Wallstreetbets website claimed they were attacking short sellers - investors profiting from companies’ share prices falling. Sort by. One of the WallStreetBets Redditors, “SSauronn”, explained the reason why he was taking on the business as usual, destroy and conquer greed of the hedge funds. Reddit has raised $250 million from new and existing investors, and plans to double its headcount to 1,400 by the end of 2021 with the funds. GameStop logo. 8.7m members in the wallstreetbets community. Some memes and investment slang terms are part of a movement that's assisting in driving the price of some stocks. 22 days ago. On Thursday morning, a moderator who goes by zjz, … Ask WSJ: The story behind Reddit’s WallStreetBets and GameStop stock. The action caused GameStop's stock price to surge 2,000% , and attracted the attention of billionaires and lawmakers. Close. But his continual explanations of why the shares were undervalued began to get traction. But I was far from the image of the typical “bored, young Reddit trader” that has been portrayed in the media lately. 3.3k comments. Elon Musk got involved, and the White House is interested. Tendies, rocket ships, diamond hands — this is the language of WallStreetBets (WSB), the white-hot subreddit powering the GameStop (GME) frenzy on the stock market. 2nd February 2021. 91% Upvoted. This week, it experienced a virtual coup among moderators of the subreddit that resulted in multiple waves of bans from WallStreetBets and Reddit itself. I joined the WallStreetBets forum on Reddit almost two years ago. Can’t stop, won’t stop, lift off . The firm has huge potential for expansion (including in ecommerce) as the video game market is valued at $160 billion dollars with an estimated Compound Annual Growth Rate of 12.9% (according to Grand View …

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