After the frantic price swings of companies like GameStop and AMC Entertainment tantalized the financial world last week, everyone wondered what the army of internet investors would set its sights […]
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Back to news homeThe Stock Traders of Reddit and TikTok
WallStreetBets is by no means all young people. The demographics of the Reddit forum, which now has over six million people, are broad and encompass out-of-work boomers, earnest millennials and […]
How a Reddit User and His Friends Helped Fuel the GameStop Frenzy
“Your example has literally changed the lives of thousands of ordinary normal people,” a Reddit user named reality_czech wrote this week to Mr. Gill. “Seriously thank you.”Larry Tabb, the head […]
The GameStop Reckoning Was a Long Time Coming
Wall Street was among the last powerful institutions to be overrun by online populists, in part because it had a higher barrier to entry. Anyone with an internet connection and […]
GameStop Stock Soars as Reddit Investors Take On Wall St.
Retail traders aren’t just buying and selling stocks; they are also buying options, a kind of financial instrument that gives the holder the right to buy or sell a stock. […]
Reddit Traders Made GameStop a $10 Billion Company
A big worry is that this has become a short-squeeze revolt. Short-sellers were down $91 billion for the month through yesterday, according to data from S3. (Such investors have lost […]