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On January 27, 2021, technology news website Mashable reported that the r/wallstreetbets subreddit had received 73 million page views in 24 hours –– breaking all-time traffic records. [20] On January 29, the community surged by 1.5 million users overnight –– to a total of 6 million users –– making it the fastest-growing subreddit at ...
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 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.
The retail trading community continues to move stocks more than a year after the initial meme stock mania in early 2021. The founder of r/WallStreetBets, a reddit forum for retail traders to ...
The filing even named one of its own communities—a subreddit called r/ wallstreetbets—as a risk to the IPO given the forum's "strong and atypical retail investor interest" in so-called 'meme ...
The S&P 500's current multiple stands at 28.9. Except during the Great Financial Crisis when profits collapsed, that's the highest PE for any quarter since the tech bubble of the late 1990s and ...
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]
In February 2014, AMC’s stock price was around $215 per share. A $10,000 investment made in February 2014 would be worth approximately $210.32, an unfortunate loss of 97.8977% decrease, as of ...