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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 ...
GameStop was the most talked about stock on Reddit’s WallStreetBets by far on Monday, ... GameStop posted revenue of $1.79 billion for the fiscal fourth quarter, compared with $2.23 billion in ...
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.
Roaring Kitty and the 2021 GameStop stock surge. Gill, 37, is a YouTuber and trader who gained prominence in January 2021 when he played a key role in the surge of GameStop stock value. According ...
Until it drew the interest of Redditors on a discussion board called r/WallStreetBets, GameStop was dying a slow death along with brick-and-mortar shopping malls, where the largest video game and ...
In late 2020 and early 2021, a group of ragtag retail investors—using r/WallStreetBets, a Reddit forum for trading stock tips, as their rallying point—nearly toppled the financial establishment.
GameStop had already started to receive attention on Reddit in 2019, including in discussions about short squeezes. That attention grew throughout 2020. 3. Given the high levels of short interest, together with the price movements in GameStop, a natural question is the degree to which these price movements arose from a “short squeeze.”.