(Bloomberg) — It’s the kind of rescue that the most indebted companies in America can only dream of: a fresh injection of cash that doesn’t hurt their already depressed stock …
Tag: Reddit
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The stock market turned into a spectacle to rival Super Bowl LV this week, as retail investors and hedge funds faced off over GameStop stock. Tom Brady and Patrick Mahomes …
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(Bloomberg) — A hellish week for hedge funds will be remembered for how much damage Reddit traders caused by chasing a handful of the most-shorted names in the $43 trillion …
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What happened this week with GameStop (GME), Reddit and Robinhood was shocking, unprecedented and unforeseen. Lost in the flurry though is that the craziness is very much a part of …
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In the most basic terms, the battle over GameStop stock is a David-and-Goliath story, pitting old against new, “smart money” against “dumb money,” the Wall Street establishment against everyone else. …
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(Bloomberg) — Signs that the silver market was about to get hit by a GameStop-style short squeeze emerged Wednesday. That’s when comments began appearing on the Reddit forum r/wallstreetbets — …
- Finance
What pro traders, the Reddit crowd and regulators may do next in the GameStop short squeeze saga
The Reddit forum WallStreetBets logo on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021. Brent Lewin | Bloomberg | Getty Images What’s next for the Reddit crowd? Wall …
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TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near …
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TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near …
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If you were confused about how, exactly, a bunch of Reddit finance obsessives turned the beleaguered GameStop into a white hot stock, you’re not alone. This week, Cherlynn and Devindra …
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In this photo illustration, visual representations of digital cryptocurrencies, Bitcoin, Litecoin, Dogecoin, Ethereum and Ripple are arranged. Yuriko Nakao | Getty Images News | Getty Images GUANGZHOU, China — Dogecoin, …
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TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near …
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TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near …
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Mark Cubs might be rich, but he’s not on the side of hedge fund managers when it comes to shorting stock.Image: Getty Images Mark Cuban, owner of the Dallas Mavericks, …
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Sen. Sherrod Brown (D-OH), the incoming chair of the Senate Banking Committee, announced Thursday that he plans to hold a hearing on the “current state of the stock market” in …
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TipRanks 2 Big Dividend Stocks Yielding at Least 7%; Raymond James Says ‘Buy’ For investors seeking a strong dividend player, there are some market segments that are known for their …
- Business
Reddit co-founder calls GameStop frenzy a ‘bottom-up revolution,’ shifting power to small investors
Reddit’s Alexis Ohanian said Thursday that the GameStop stock-trading frenzy, originating in large part on the online platform he helped create, is a turning point in the U.S. investing landscape. …
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(Bloomberg) — For once, Main Street is beating Wall Street. In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as …
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Subreddit r/WallStreetBets has been the talk of the Internet this week, as its members have driven GameStop’s stock prices from around $20 to over $300. The community brands itself as …
- Finance
Reddit group WallStreetBets behind massive GameStop, AMC run-ups goes private, invitation required
Rafael Henrique | SOPA Images | LightRocket via Getty Images “Wallstreetbets” Reddit chat room, where retail investors marshal against short sellers, went private on Wednesday evening, limiting access to outsiders. …
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A customer holds a GameStop shopping bag inside a store in San Francisco. David Paul Morris | Bloomberg | Getty Images Wall Street has been watching GameStop in awe as …
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Bloomberg Reddit Crowd Bludgeons Melvin Capital in Warning to Industry (Bloomberg) — The first sign of trouble for hedge fund wunderkind Gabe Plotkin came in late October: A poster on …
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Over the past few weeks the market has been treated to some fireworks thanks to Reddit’s r/wallstreetbets forum. A few stocks have “mooned,” the internet term for a big surge. …
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Trading in stock of video game retailer GameStop (GME) was halted briefly Friday, as it soared more than 70 percent, due partly to the enthusiastic support of a group of …
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Photo: Jon Cherry (Getty Images) Amid a hardening consensus that conspiracy theories emboldened this week’s Capitol Building rioters—many adorned with “Q” garments, waving Q flags, screaming about election fraud—Reddit is …
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Reddit has banned r/donaldtrump for encouraging and glorifying violence after Wednesday’s mob attack on the US Capitol. Axios reporter Sara Fischer first reported the news, noting that the unofficial pro-Trump …
