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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.
In an "ask me anything session" on r/wallstreetbets, entrepreneur Mark Cuban also encouraged GameStop buyers to hold on to their stock if they were able to. As the stock prices continued to decline, many retail investors suffered significant losses, [ 70 ] [ 71 ] [ 72 ] with some r/wallstreetbets users losing a majority of their savings.
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. ... GameStop traders really ...
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.
Over the past 24 hours, Faraday Future was the third-most-mentioned stock on Reddit's WallStreetBets forum behind the SPDR S&P 500 ETF and Nvidia , according to web data company Thinknum.
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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]