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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]
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]
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.
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 ...
Shares of GameStop climbed 21% on Monday as the renewed frenzy around meme stocks shows little sign of abating.. The video game retailer’s stock soared hours after a Reddit post by stocks ...
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]
Shares in GameStop Corp and related meme coins surged on Monday morning after retail trader Keith Gill —a.k.a. the “TheRoaringKitty"—hinted at his return to trading, by sharing a meme on X ...