The odd cultural and political moment we’re in has resulted in a ton of memes related to the whole GameStop short sale war between hedge funds and a bunch of private investors on Reddit. Redditors made investors & Wall Street hedge funds betting against GameStop lose S$8 billion, explained. Know Your Meme explains exactly how a diverse group of savvy internet users harnessed the power of memes to achieve ultimate gains, starting with GameStop stonks. ... help Reddit App Reddit coins Reddit premium Reddit gifts. The internet (and the media in general) is going berserk over retail investors testing the mettle of hedge funds with the help of Reddit. If GameStop goes up another 17%, this hedge fund will instantly collapse. I generally try to stay out of fights, especially when they become mud-wrestling contests, but the battle between the hedge funds and Reddit investors just too juicy to ignore. Shares of GameStop have surged from $19 on December 31, 2020, to $197.84 on January 27 – a gain of nearly 1,900 per cent after small investors on Reddit forced hedge funds to … For the first time in history, a group chat dedicated to stock tips of Reddit singlehandedly drove the price of a stock up 1,500% — it crashed the popular trading platform Robinhood and forced short-selling hedge funds to fold. For the first time in history, a group chat dedicated to stock tips of Reddit singlehandedly drove the price of a stock up 1,500% — it crashed the popular trading platform Robinhood and forced short-selling hedge funds to fold. The most prominent is GameStop, the beleaguered brick-and-mortar retailer that’s soared more than 1,700% this month, but other targets include AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc. The pain is likely spreading across the hedge fund industry, with rumors swirling among traders of heavy losses at multiple firms. Hi Shelley, you and more than $6bn of lost hedge fund … Some of the users identified stocks that these hedge funds were “shorting.” According to Investopedia, “shorting” is betting against the stock rising and making money as it falls. And the online frenzy in the past two weeks has turned the ire of the vehemently online against all hedge funds— meme-ing them into a generic enemy. Now not all the momentum has come from r/wallstreetbets, looking at traded volumes it seems the big fishes are stepping in too, also a tweet from Elon probably helped. The Storming of the Bastille: The Reddit Crowd targets the Hedge Funds! This article originally appeared on GOBankingRates.com: Hedge Fund Manager Warns: Beware the Meme Stock Continue Reading Show full articles … no comments yet. The following is what we do know about Wallstreetbets, GameStop's astounding rise, its "short squeeze" of hedge funds that had bet against the company's shares, and whether "meme … A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins … Analysis by Christine Romans, CNN. Posted by just now. In a move partly to sabotage the hedge funds’ profits, Redditors began buying large amounts of GameStop’s shares and derivatives on those shares known as … The story is now front-page news around the world. One could argue that it's interesting that "non-professional money" had a run on a stock and "bludgeoned a hedge fund". Hedge fund job listing wants Reddit traders. One popular theory that took hold on Reddit was that hedge funds colluded with retail brokerages and online trading platforms like Robinhood to kneecap the small investors. This past week I spent significant time on our Tumblr fielding live questions about what in the fresh-baked hell was going on with Reddit and GameStop. And people on WallStreetBets found out this was happening. If you’ve somehow missed this story, it’s way too long and complicated to explain here. JUST WATCHED And the online frenzy in the past two weeks has turned the ire of the vehemently online against all hedge funds— meme-ing them into a generic enemy. The retail investing boom is showing signs of slowing down, and short sellers are seizing on the trend as Reddit “meme-stocks” tank. Meme Guy photo. The problem with watching GameStop “from the outside” is that you probably own it and a handful of other meme stocks 1 in any small-cap index fund that is … This week, Reddit — specifically the subredding r/wallstreetbets — decided to take on hedge fund managers that had shorted Gamestop (GME). Analysis: Hedge funds bitching about Reddit can cry me a river . To start with, Citadel runs a hedge fund. The problem with watching GameStop “from the outside” is that you probably own it and a handful of other meme stocks 1 in any small-cap index fund that is … $13.1 billion gone. Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok Katherine Burton, Hema Parmar and Melissa Karsh 1/28/2021 CN Rail Is Close to $33 Billion Deal for K.C. In fact, there’s plenty of funny tweets and memes about what’s happening on Wall Street this week. best. Investors Have Used Reddit To Actively Drive An Investment Decision. GameStop lends itself … Reddit users caused huge losses for Wall Street hedge funds involved in short selling stocks after collectively investing in shares that were expected to lose value. Reddit and Robinhood users have been caught in a firestorm over GameStop stock after shares in the downtrodden company rocketed from $20 to $400 in just two weeks. Defiant Reddit investors behind a dizzying surge in GameStop shares have used billboards and banners to mercilessly mock the Wall Street hedge funds losing billions in the frenzy. As the Reddit forum r/wallstreetbets wrought havoc on the stock market this week by taking aim at hedge funds, the group of rogue individual investors sparked the support of a … Citadel didn’t respond to NPR’s request for comment. 1.9m members in the dogecoin community. Updated 11:47 AM ET, Fri January 29, 2021 . A few months ago, Reddit users, upon seeing this hedge fund interest, decided it was the perfect company to buy stocks en masse and gut the hedge funds who had been short-selling it. On the Reddit thread r/wallstreetbets, a group of traders banded together to battle against giant hedge funds. That gain attracted short sellers, largely hedge funds, who believed that an unprofitable, shrinking company that operated a dinosaur business didn’t deserve its $1.5 billion market capitalization. Pretty soon, some of the Reddit investors had made millions on paper-and the hedge funds were in desperate trouble. A quick browse through the popular reddit forum r/wallstreetbets shows posts like … To start with, Citadel runs a hedge fund. Vote. Get up to 20% off. Sort by. Hedge Fund fund managers. 100% Upvoted. To start with, Citadel runs a hedge fund. GameStop: Reddit users claim victory as $13bn hedge fund closes position, accepting huge losses. Don't worry, I had to learn a bunch about investments and hedge funds to appreciate these jokes too. As members of the r/wallstreetbets subreddit continued their ongoing battle with short selling hedge funds … Oh well! According to new numbers from Goldman Sachs Group, the median short interest in S&P 500 stocks rests at a 17-year low of 1.6% of market value. GameStop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has perplexed market observers, irked hedge funds… share. Hedge fund seeks to hire Reddit options trader fluent in memes: ‘No higher education in economics or finance’ The role pays $200,000 with a performance related bonus, a subsidy for psychotherapy and medications, and a spot at the Burning Man festival The role pays $200,000 and an optional place at a camp at the Burning Man festival Just A Bunch Of Good Memes About How Reddit Successfully Trolled Wall Street Tycoons With GameStop Stocks. ET Hi Naaman, my Twitter feed is full of memes about a face-off between Reddit users and hedge fund bros. What’s going on? Hedge fund Millennium International Management, with some $50bn in assets under management, is piling into a big bet against Arrival, a British electric vehicle firm that debuted on the Nasdaq on 26 March following a Spac deal. The most amazing place on reddit! Morgan Stanley figures highlight that short-covering among European traders has collapsed bearish bets. 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 amateur traders banded together to take on some of the world’s most sophisticated investors. Log in or sign up to leave a comment Log In Sign Up. Michael Burry, the hedge fund investor who built a massive position in GameStop before it became a meme stock on Reddit and skyrocketed, sold his … Shop unique Hedgefund face masks designed and sold by independent artists. 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 U.S. stock market. But how did this madness start? In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down. Driven by the frenzied trading in GameStop Corp. and other stocks that hedge funds have bet against, the losses suffered over the past few days would rank among the worst in some of these money managers’ storied careers. The problem with watching GameStop “from the outside” is that you probably own it and a handful of other meme stocks 1 in any small-cap index fund that is market capitalization-weighted, such as those that track the Russell 2000 Index. MORE: How Reddit … This past week I spent significant time on our Tumblr fielding live questions about what in the fresh-baked hell was going on with Reddit and GameStop. Hedge fund Melvin Capital closed out of its public short positions in the first quarter. Wear a mask, wash your hands, stay safe. And the online frenzy in the past two weeks has turned the ire of the vehemently online against all hedge funds— meme-ing them into a generic enemy. Reddit users monitored the fund’s movements, identifying what stocks were being purchased en masse and what were being betted against – it was a paper trail of someone desperate to be caught. Hedge funds had been winning so long that they overlooked the tinderbox they were creating should sentiment turn. Melvin Capital says it has closed its short … Reddit GameStop Hedge Funds - meme, gamestop, hedge, funds. Close. In short (pun intended), short selling hedge funds who bet billion in stocks such as Gamestop (GME), Blackberry (BB), Nokia (NOK),Express (EXPR) and possibly more lost billions when independent lower income traders decided to boost those stocks up, instead of down. The odd cultural and political moment we’re in has resulted in a ton of memes related to the whole GameStop short sale war between hedge funds and a bunch of private investors on Reddit. Some hedge funds, including Citron Research and Melvin Capital, had decided to short the company’s stock to make money for their investors, which is the whole purpose of a hedge fund. New York, NY, April 29, 2021 – As many as 1 in 5 U.S. investors have used the social media platform Reddit to actively drive an investment decision, the global financial markets platform Investing.com has … In their open challenge to the deep-pocketed hedge funds that bet on individual stock prices falling, Reddit’s online mob brandishes an us-against-them rhetoric that echoes the populism of former president Donald Trump’s supporters. Topline. You win some and you lose some, boys! ... and a "refined taste for memes and a sense of humour." Suffice it to say that report. Its not often that a renowned hedge fund has to get a capital infusion of $2.8 billion to cover their shorts and that too against a subreddit of casual investors. And the online frenzy in the past two weeks has turned the ire of the vehemently online against all hedge funds— meme-ing them into a generic enemy. Forums Discord Telegram Twitter Steam Group Reddit Portals ED in the News Admins ⚠️ Help ED Rebuild ⚠️ Archive The Current Year File:Reddit Terminater vs Hedge Fund managers - Gamestop Wallstreetbets 2021 meme.jpg Southern Shares of GameStop have surged from $19 on December 31, 2020, to $197.84 on January 27 – a gain of nearly 1,900 per cent after small investors on Reddit forced hedge funds to unwind short positions. hide. A pair of part-time stock traders has launched a Super PAC to “amplify the voice of the retail investor” as the rise of Reddit-fueled “meme stocks” like GameStop has rattled big hedge funds … To start with, Citadel runs a hedge fund. The drama seemingly pitted everyday investors against Wall Street firms. He’s a hedge fund manager who recently became CEO of a medical marijuana venture. save. The shorts are definitely hurting: Melvin Capital Management, a hedge fund betting against GameStop, was down 15 percent in just the first three weeks of … Reddit, Robinhood and hedge fund CEOs testify at House hearing on GameStop saga. Business Insider - GameStop has surged as much as 35% over the past two days amid a renewed resurgence of chatter about the video game retailer on Reddit's Wall Street Bets forum. Hot Stocks / BlackBerry Stock: Looking Beyond the Reddit Memes; BlackBerry Stock: Looking Beyond the Reddit Memes ... a $300 million New York City-based hedge fund… Memes! ... a Reddit handle surfaced that has become the de facto champion of … Investors Have Used Reddit To Actively Drive An Investment Decision. GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street. A quick browse through the popular reddit forum r/wallstreetbets shows posts like … GameStop, an American chain of brick-and-mortar video game stores, had struggled in recent years due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.As a result, GameStop's stock price declined, leading many institutional investors to short sell the stock. Why its CEO is embracing the meme and a gorilla charity ... dooms a last-ditch effort to keep Tribune Publishing out of the hands of hedge fund … News18.com; Last Updated: January 29, 2021, 12:39 IST; FOLLOW US ON: The frenzy has … MS Explains: We explain the curious phenomenon involving the shares of … Poof. Sure, GameStop is no longer dominating your Twitter feed, but the stock is still $138 per share. Reddit users monitored the fund’s movements, identifying what stocks were being purchased en masse and what were being betted against – it was a paper trail of someone desperate to be caught. And the online frenzy in the past two weeks has turned the ire of the vehemently online against all hedge funds— meme-ing them into a generic enemy. The finance bros are just mad that some guys on Reddit played better than the hedge-fund managers who are used to winning. JPMorgan Chase’s analytical team has seen hedge-fund longs at their highest levels in years. GameStop has seen its stock soar, driven higher by a group of amateur day traders on Reddit, who are taking on Wall Street hedge funds. "The Reddit meme that bludgeoned a hedge fund" L. Hass #23569 . 85% (388) gamestop poor Rich stocks stock stonks Wall street invest Investors Hedge Funds stock market. During the trading frenzy, Robinhood responded by imposing trading restrictions on several of the meme stocks, including GameStop. Reddit did it. ... Those short positions included Reddit-driven meme stocks … X The stratospheric ascent of those stocks, which occupied a large chunk of social media on Wednesday, took on increasingly … ... Wall street Reddit Hedge Funds Im in danger stock market game stop. 0 comments. Not all hedge funds lost money during the Reddit-fueled frenzy last week. Hedge Fund fund managers. The hedge fund received an emergency $2.8 billion investment from Steve Cohen's Point72 and Ken Griffin's Citadel amid the record surge in … Other “stonks” or “meme stocks” popular on sites such as Reddit’s WallStreetBets also saw their rallies fade. At the heart of this week's traffic surge is an effort by redditors to profit of the hedge fund Melvin Capital's short of GameStop (GME) stock. See, rate and share the best Hedge Funds memes, gifs and funny pics. Money Is Fake and GameStop Is King: What Happened When Reddit and a Meme Stock Tanked Hedge Funds. Topics in this article Society internet reddit memes investing. Money Is Fake and GameStop Is King: What Happened When Reddit and a Meme Stock Tanked Hedge Funds. Meme stocks take eerily similar journeys leaving retail traders to wonder why and who Published: May 14, 2021 at 4:07 p.m. For the first time in history, a group chat dedicated to stock tips of Reddit singlehandedly drove the price of a stock up 1,500% — it crashed the popular trading platform Robinhood and forced short-selling hedge funds to fold. Citadel didn't respond to NPR's request for comment. In their open challenge to the deep-pocketed hedge funds that bet on individual stock prices falling, Reddit’s online mob brandishes an us-against-them rhetoric that echoes the populism of … r/finance: Welcome to r/Finance! Namaskar, dear wonderful Sisters and Brothers, I would love to get a discussion going about the recent GameShop stock fiasco. Meme stocks have become increasingly popular due to a Reddit page called WallStreetBets. Many took the chance to … Citadel didn’t respond to NPR’s request for comment. 14.6m members in the memes community. Prior to that, records show he owned multiple Hooters franchises and served as a director and major investor Frederick’s of Hollywood, which sells lingerie and adult novelties. GameStop lends itself … Stonks. Here's how Reddit beat the bankers. If you’ve somehow missed this story, it’s way too long and complicated to explain here. 'GameStop sitting amongst Tesla and Amazon after reddit users make it a Fortune 500 company,' said one person, showing a meme of Big Bird in an office meeting. And the online frenzy in the past two weeks has turned the ire of the vehemently online against all hedge funds— meme-ing them into a generic enemy. The popular meme stock GME (GameStop) saw a massive price surge in late January 2021 after retail investors attempted to take on a hedge fund that had shorted the stock. The memes … But of course, at the core of the fiasco is the role of the stock market in general and whether in a Prout system these things would exist in the first place. Memedroid: your daily dose of fun! If I was a Hedge Fund losing billions to Reddit shitposters, I would get a second job driving for Uber, cut out the Starbuck's, and skip the avocado toast. Hedge funds have been betting against it for a few years now, and it is one of the most ‘shorted’ stocks ever. The stock has consolidated sideways over the past two-months, but shares have moved to the upside in recent days alongside its "meme stock" … AMC Theatres’ stock is a Reddit fave. All questions go in Monday Morning … ValueWorks' CIO shared how the firm gained 300% from Bed Bath & Beyond. New York, NY, April 29, 2021 – As many as 1 in 5 U.S. investors have used the social media platform Reddit to actively drive an investment decision, the global financial markets platform Investing.com has … By kostakop_ 2021-01-30 13:00. Because memes, unlike gains, are forever. GameStop lends itself … No Personal Finance, Homework, Personal blogs, or Career-related posts. AMC stock launched more than 300% higher on Wednesday — the latest spike for a heavily shorted stock amid an increasingly epic, meme-driven battle between smaller investors and bigger ones betting those stocks will fall. Bankrupt hedge funds, Reddit millionaires, and the rise of a meme stock. GameStop shares skyrocketed some 1,600% in January, and hedge funds shorting the stock ended up losing heavily when they closed positions. Suffice it to say that — William LeGate (@williamlegate) January 26, 2021. GameStop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has perplexed market observers, irked hedge funds…
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