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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.
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]
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 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 ...
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The founder of r/WallStreetBets, a reddit forum for retail traders to discuss stocks and options, had some advice for the community: The best financial education comes from the school of hard knocks.
Along with other social media users on the WallStreetBets subbredit, Gill helped catapult the stock to a split-adjusted intraday record of $120.75 in January 2021.
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 ...
GameStop Corp. is an American video game, consumer electronics, and gaming merchandise retailer. [ 1] The company is headquartered in Grapevine, Texas (a suburb of Dallas ), and is the largest video game retailer worldwide. [ 2]