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After GameStop's stock closed up 92.7 percent on January 26, business magnate Elon Musk tweeted "Gamestonk!!" [b] —a reference to the "stonks" meme rising in popularity at the time—along with a link to the r/wallstreetbets subreddit. [32] A brief, sharp rise in the share price to over $200 followed Musk's tweet. [33]
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful jargon, aggressive trading strategies, stories of extreme gains and losses acquired in the stock market, and for playing a major role in the GameStop short squeeze that caused significant losses for a number of US hedge funds and ...
Keith Patrick Gill[1] (born 8 June 1986) is an American financial marketer and educator [2] and individual investor known for his posts on the subreddits r/wallstreetbets and r/SuperStonk. [3][4] His analyses of GameStop stock (NYSE: GME) and details of his resulting investment gains—posted on Reddit under the username DeepFuckingValue (DFV ...
GameStop could now achieve profitability by simply investing in ultra-safe U.S. Treasuries rather than selling actual video games, making it the equivalent of a Ryan Cohen family office with a ...
Gill was the ringleader of the band of meme stock investors who in 2021 got together on the Reddit forum r/WallStreetBets and piled into GameStop and a handful of other stocks, including movie ...
In late 2020 and early 2021, a group of ragtag retail investors—using r/WallStreetBets, a Reddit forum for trading stock tips, as their rallying point—nearly toppled the financial establishment.
Despite Kevin and several peers claiming this is a waste of time, by January 2021, activity on r/WallStreetBets reveals that several hedge fund investment firms, including Melvin Capital Management and its founder Gabe Plotkin, have been short selling stock in the chain on the assumption it would close, causing a mass increase in GameStop's ...
(Reuters) -Shares of GameStop surged over 30% on Thursday after the online stock influencer known as "Roaring Kitty" posted on YouTube that he would host a livestream on Friday.