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The rally call was reportedly organized from r/bursabets, a Malaysian offshoot of r/wallstreetbets named after the Malaysian stock exchange. [ 144 ] [ 145 ] 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 , [ 146 ] [ 147 ] but the ...
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.
Robinhood co-founder Baiju Bhatt (left) and moderator Josh Constine (right) speak onstage during Day 2 of TechCrunch Disrupt SF 2018 at the Moscone Center on September 6, 2018, in San Francisco, California. Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California.
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 ...
AMC stock sank about 11% on Thursday, hovering around $4.50 per share. The stock is down more than 90% over the past year as the company has been issuing shares to pay down its debt , which ...
“Most retirees pay $50-$200 for routine cleanings and exams and $500-$3000 or more for crowns, implants or dentures,” he explained. “Dental insurance or membership plans help budget for ...
Meme stock. A meme stock is a stock that gains popularity among retail investors through social media. [1] [2] [3] The popularity of meme stocks is generally based on internet memes shared among traders, [4] on platforms such as Reddit 's r/wallstreetbets. [5] Investors in such stocks are often young and inexperienced investors. [6]
The book covers the events of the GameStop short squeeze, which saw the collapse of Melvin Capital as users of r/wallstreetbets and other retail traders initiated a short squeeze on stocks like GameStop, AMC and Bed, Bath & Beyond. It was published by Grand Central Publishing in the United States on September 7, 2021.