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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 and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021.
The distinction between a meme stock and a non-meme stock is not always clear; for example, Tesla has some of the characteristics of a meme stock: a high price-earnings ratio and being frequently discussed by amateur retail traders on social media, yet some professional analysts do not consider it to be overpriced.
The primary events in The Trolls of Wall Street, including the birth of r/WallStreetBets—which grew out of the Occupy Wall Street movement—and the GameStop saga, will in time be seen as ...
The rally call was reportedly organized from r/bursabets, a Malaysian offshoot of r/wallstreetbets named after the Malaysian stock exchange. [45] [46] On March 2, Rocket Mortgage saw a more than 70 percent spike in its stock price due to a surge in trading following discussion of the company on r/wallstreetbets , [47] [48] but the Rocket ...
The filing even named one of its own communities—a subreddit called r/ wallstreetbets—as a risk to the IPO given the forum's "strong and atypical retail investor interest" in so-called 'meme ...
The r/WallStreetBets subreddit was formed in January 2012 and now boasts over 12.5 million members. The page went viral for its involvement in the short squeeze and retail trading frenzy that sent ...
Keith Gill. Keith Patrick Gill [1] (born 1986) is an American financial marketer and educator [2] and individual investor known for his posts on the subreddit r/wallstreetbets and the subreddit r/SuperStonk. [3] [4] His analyses of GameStop stock ( NYSE : GME) and details of his resulting investment gains—posted on Reddit under the username ...
The losses by short sellers are a stark contrast to a year ago, when shorts made a $15.9 billion profit on Tesla shares as the company’s stock lost 65% of the value. But Tesla shares have been ...