Of all the baffling things that have happened over the last six months, few can compete with the short squeeze of GameStop’s stock at the end of January. Over the course of two weeks, the stock price of the video game retailer grew by over 1,500%, putting the short sellers in a massive bind. The …
The Justice Department is looking into potential market manipulation regarding the rapid rise of GameStop’s stock price last month. Over the course of a few weeks, Redditors on the WallStreetBets subreddit mobilized and drove the price of GameStop shares up more than 5,000%. Redditors took advantage of the fact that hedge funds had unusually large …
The Reddit r/WallStreetBets community captivated the investment community for days last month, when it helped send the share price of GameStop soaring some 5,000%. That’s led to book and movie deals about the story of these amateur investors who burned Wall Street professionals. Now, one hedge fund has posted a job listing that seems tailor-made …
The Reddit-fueled rise of GameStop shares in January made many individual investors incredibly rich. Wall Street investors also took advantage of GameStop’s meteoric rise and its subsequent sharp decline. Many Wall Street firms actively monitor social media chatter on Reddit to stay abreast of what retail investors are up to. Over the course of a …
Reddit’s Super Bowl ad was one of the most memorable commercials during the Super Bowl on Sunday, based in part on the fact that it was only 5 seconds long. The ad started off pretending to be an SUV commercial before switching to a text-based spot that would have to be paused to be fully …
In just a few days, Redditors managed to drive up GameStop’s share price by more than 5,000%. The entire saga, which will eventually become a Netflix film, exposed a dirty secret long known to Wall Street insiders: short-sellers have been manipulating the market for their own benefit for decades. In a series of events that …
GameStop shares are down more than 70% over the last two days. As hedge funds and short-sellers attempt to close their positions, GameStop shares have continued to fall. Netflix is already planning a movie about how Redditors managed to almost bankrupt a multi-billion dollar hedge fund. The GameStop saga, which has seen an army of …
A 10-year-old made more than a 5,000% profit when he sold 10 GameStop shares he was gifted in late 2019. The battle between Redditors and hedge funds with short positions on GameStop shares remains ongoing. Amidst all of the drama involving a subreddit’s effort to bankrupt hedge funds by driving up the price of GameStop …
Since December, the price of GameStop stock has surged more than 1,700% as of the time of this writing, thanks to an extraordinary stock-buying binge organized via Reddit. The resulting dynamic, in which a group of amateur investors beat Wall Street professionals and hedge funds, has dominated news headlines and talk on social channels like …
Robinhood reenabled GameStop (GME) stock purchases on Friday, but limited the number of shares each user can purchase. The limit dropped from five GME shares per user to just one, but a Redditor found a way to circumvent Robinhood’s new trading rule. The trick involves taking advantage of a Robinhood trading feature not many people …
