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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. [ 144 ] [ 145 ] 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 , [ 146 ] [ 147 ] but the ...
History of Tesla, Inc. Tesla, Inc., an electric vehicle manufacturer and clean energy company founded in San Carlos, California in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning. The company is named after Serbian-American inventor Nikola Tesla. Tesla is the world's leading electric vehicle manufacturer, and, as of the end ...
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 financial results for 2018 showed the biggest loss in GameStop company history. [82] For the 52-week period ending on February 2, 2019, GameStop reported a record-breaking net loss of $673 million. [74] This was a change from the net profit of $34.7 million in the previous year. [74]
While Tesla’s share of U.S. EV sales has fallen, the company’s stock price has rebounded after starting the year as the worst-performing stock in the S&P 500.
HSBC analyst Michael Tyndall initiated coverage of Tesla on Thursday with a Reduce (or Sell) rating and $146 price target, implying a 33% drop in Tesla’s stock price.
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]