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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 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 ...
According to The New York Times, "Robinhood was the tool of choice for traders in the original meme stocks". [20] Some meme stocks have often become popular among retail investors after being targeted by short-selling professional investors, such as hedge funds , [21] [22] [23] with participants having the explicit aim of causing losses among ...
If r/WallStreetBets gets involved in the Reddit IPO, the community holds the collective power to move the company’s stock price in unpredictable ways. ... In 2021, Robinhood, a stock trading app ...
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 ...
The GameStop mania that drove its stock above $120 a share, split-adjusted, in early 2021 from as little as $3 in the space of three months, forced brokerages including Robinhood to limit trading ...
A GameStop store in a mall. In September 2019, Gill, under the username "u/DeepFuckingValue", posted on the subreddit r/wallstreetbets a screenshot of a trade consisting of a roughly $53,000 long position in GameStop; Gill's Reddit posts and YouTube videos argued (through both fundamental and technical analysis) that the stock was undervalued.
Most notably, in 2021 GameStop stock rose 400% in a week, forcing trading platform Robinhood and others to halt trading on GameStop and other “meme stocks” popularized by WallStreetBets traders.
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