The company's executive shakeup began when small Reddit investors from r/WallStreetBets carried out a short squeeze on GameStop … WallStreetBets founder on GameStop stock surge: The little guys ‘can’t be ignored anymore’ Pent-up emotions are just beginning to surface and its … GameStop May Be a Reddit WallStreetBets Game, But Nokia Isn’t. Reddit CEO and co-founder Steve Huffman spoke to the GameStop (GME) stock scenario in a … (Bloomberg) -- GameStop Corp. helped lead a bevy of retail trader favorites higher on Tuesday as investors touted the stocks on social media platforms including Twitter, Stocktwits and … GameStop Saga Beneficiary: AMC was among the top other stocks targeted in the GameStop Corp (NYSE: GME) short squeeze drama that began unfolding in January. Promotion and Pain. Institutions: 151,000,000. The actions of a Reddit subgroup known as r/wallstreetbets have recently drawn in attention from Congress as Reddit members caused an entire hedge fund to go into bankruptcy over GameStop stocks. (Bloomberg) -- GameStop Corp. led a bevy of retail trader favorites higher on Tuesday as investors touted the stocks on social media platforms including Twitter, Stocktwits and trader chatroom WallStreetBets. Technical Rankings. Close to resistance. Miller 4 Comments I rarely comment on current events, but the GameStop Reddit group supporters versus hedge fund stock price wars story is just too juicy to not take a bite, share my thoughts, and offer a few warnings for readers to heed. ... Any request to remove copyrighted material will be honored, provided proof of ownership is rendered. If a person bears market risk, that is, a non-trivial risk that the buyer or seller will make or lose money on the transaction, then the person did not engage in artificial trading even if he or she had evil intent. As CryptoPotato reported earlier, a group of people from the subreddit r/WallStreetBets decided to act against the most-shorted stock on US markets, turning it into a meme stock for some and the best weapon to deliver a … GameStop has been ailing for years now, so to see the company's stock prices shoot up so suddenly and sharply has stunned many who would have sooner expected it … The GameStop Incident. Investors shorting meme stocks GameStop and AMC Entertainment are estimated to have lost $754 million on Tuesday alone as the shares rallied, data from financial analytics firm Ortex shows. WallStreetBets, Gamestop, and Dogecoin. Unlike GameStop … The WallStreetBets Reddit community, which upended the stock market this week with its GameStop campaign, has exploded in popularity, but it's been around since 2012. Last week, the short squeeze forced hedge fund Melvin Capital to … February 6th 2021 765 reads @andrarchyandrarchy. With the 50,000 shares in hand, Gill now owns 200,000 shares in GameStop stock. 9.9m members in the wallstreetbets community. The wild GameStop ride that began more than a week ago has taken a devastating turn. Send takedown requests to feedback@stillnessinthestorm.com. This is what they doing with it. Along the way, GameStop promoters encouraged investors not to sell, to “HOLD”, and that “they liked the stock.” How WallStreetBets Pushed GameStop Shares to the Moon By . It's been just over a week since the users of the r/WallStreetBets subreddit noticed several hedge funds shorting GameStop stock (essentially betting money that the stock's value would fall) and decided to wreck their plans by buying shares en masse. On Aug. 31, 2020, Ryan Cohen — the billionaire founder of pet company Chewy — bought up a big position in GME (he now owns 10%+ of it) with plans to modernize the company. The WallStreetBets Reddit and YouTube communities jumped on the opportunity to buy shares, in the expectation that the shares would have to be bought at higher prices by the short selling entities. So let’s start with the big one. As GameStop stocks rise, so do the sentiments of WallStreetBets Interest in the GME stock was so high Wednesday, that Reddit itself seemed to struggle to deal with the traffic load. Education. After a social media outcry, Discord has confirmed that WallStreetBets has returned to the platform with help. GameStop, r/WallStreetBets and the stock trading frenzy, explained. Amateur investors have driven up the price of a number of neglected stocks - … Several unrelated posts on Reddit around the end of January 2021 brought up GameStop (GME) as a potentially viable investment opportunity. GameStop's parabolic stock surge over the past two weeks, driven partly by the Reddit Wallstreetbets crowd, has created more than $2 billion in personal wealth … Total Outstanding: 69,746,960. By Joel Khalili 01 February 2021. As droves of Redditors on the subreddit WallStreetBets caught wind of this scheme, they started buying GameStop shares to … And to defy the entire financial system by joining forces to sabotage Wall Street, it seems. WallStreetBets (r/wallstreetbets) is home to some of the wildest traders. The WallStreetBets poster that initially identified GameStop and drove interest in the stock invested $50,000 of his cash in stock and call options, and the position is now worth over $50 million. Like 4chan found a Bloomberg Terminal. The traders using the WallStreetBets site actually bought GameStop and the other stocks. As GameStop stocks rise, so do the sentiments of WallStreetBets Interest in the GME stock was so high Wednesday, that Reddit itself seemed to struggle to deal with the traffic load. WallStreetBets and the GameStop Short Squeeze GameStop soared -- and then sank in a short squeeze. Well, let’s take breakdown GME share ownership alongside the findings of u/Corrode1024: Insider Ownership: 23,704,787. Wall Street is keeping very close tabs on WallStreetBets. Here's how GameStop has fallen nearly 84% so far this week, although it is up almost 184% year-to-date. Last week, the short squeeze forced hedge fund Melvin Capital to secure a more than $2 billion bailout from hedge fund Citadel to make ends meet. We’ve examined the details of what happened elsewhere, so I’m going to focus on some of the bigger questions that this whole affair raises, and specifically how this all impacts long-term investors. Like 4chan found a Bloomberg Terminal Several unrelated posts on Reddit around the end of January 2021 brought up GameStop (GME) as a potentially viable investment opportunity. (Bloomberg) -- The Reddit army’s meme-packed campaign to boost GameStop Corp.’s stock price has now resulted in one of the most conventional victories on Wall Street: a … Close to support. French state ownership. 100% a sock puppet tweet of a 2000s .com sock puppet commercial. Media Falsely Claims WallStreetBets, GameStop ‘Meme Stock’ Traders are Alt Right, Incel, GamerGate Supporters. Sin stocks. Switch consoles have been sold out everywhere while GME has been able to sell bundles via website. then the United States is the first truly ‘Socialist’ country.” GameStop Stock Winners on Reddit Are Adopting Gorillas. It’s been a pretty wild ride with GameStop. sovereign governments) who allow casinos to even exist. ... GameStop Reveals Massive Institutional Ownership in Recent SEC Filing. Reddit community r/ASX_Bets, where users try to recoup “lost super one Bunnings sausage at a time,” presents itself as a place where sensible investment strategies go to die. Definitely not the 105% institutional ownership, which does not include hedgies long positions or retails long positions, or insider's holdings. GME. January 25, 2021, 9:57 AM EST One trader turned $53,566 into more than $11 million . GameStop’s stock price has been on a downward trajectory this week. Close. The funds would owe billions of dollars of stock to brokers, but there wouldn't be any supply on the markets. And in those moves lie some important lessons for investors to avoid a dangerous game. In case you don’t know it already, there is a subreddit dubbed “WallStreetBets” (WSB), where users worldwide meet to share experiences about the stock market. While some are choosing to donate some of their GameStop stock gains to hospitals, r/WallStreetBets winners are adopting gorillas. Fidelity Cashes In Most of GameStop Stake 2/10/21, 1:07 PM Fidelity Investments sold nearly all of its positions in GameStop Corp. last month, just as shares of the videogame retailer were surging. Biotechnology. The astronomical increase was largely driven by ‘Redditors’ of r/WallStreetBets, a subreddit dedicated to investing-related memes and humour. Stock market The stock market is where investors can buy and share investments or stocks, which are ownership shares in a publicly traded company. Accumulation Phases. GameStop has fallen nearly 84% so far this week, although it is up almost 184% year-to-date. GameStop shares fell as low as $46.58 during the trading session before perking up to close at $50.31, down 16% on the day. Previously, WallStreetBets targeted heavily shorted stocks such as GameStop and AMC Entertainment Holdings Inc (NYSE: AMC). The GameStop stock situation has dominated headlines for the past week, both in the gaming sphere and beyond. GameStop's stock price cratered on Tuesday, falling 60% to $90 a share. Percentage of ownership to outstanding: 363.17%. The global investment community has been dumbfounded by chaotic online message board r/WallStreetBets, whose users have memed US company GameStop’s share price into … Independent production company Pinky Promise has announced they are developing the first limited series titled To The Moon, chronicling the r/WallStreetBets and GameStop debacle. It might not be yesterday's news just yet, but a GameStop stock movie is already in the works. GameStop’s share price has skyrocketed over the past week, going from well under US$100 on January 21 to an eye-watering closing price of … Browse GameStop news, ... others see a reinvention of the way we handle ownership of assets. Subscribers boast about trades executed with little to no research, ‘shitpost’ about their losses, and speak with reverent tones about the forum’s undisputed king: a young trader who accidentally purchased 5,000 shares of Australian buy now, pay later operato… The only … But while there has been a lot happening, does it actually mean much? Brandon Kochkodin. Let’s check. Vote. Ownership Search; Dividend History ... Reddit’s Wallstreetbets message board and online brokerage disruptor Robinhood have made names for themselves in 2021. Shares of GameStop and other companies popular on forums such as Reddit’s WallStreetBets had already been climbing before Tuesday’s late-day surge. Estimated Synthetic Shares: 183,552,827. J ust over a year ago, I published some thoughts on r/WallStreetBets (WSB), a Reddit forum that I like to check out every now and again. On Aug. 31, 2020, Ryan Cohen — the billionaire founder of pet company Chewy — bought up a big position in GME (he now owns 10%+ of it) with plans to modernize the company. The short selling of GameStop was so prolific that the shorts (B) borrowed more shares than have been issued. Enough that even Reddit was hit with issues as people surged in to check WallStreetBets. Which probably puts ownership at at least 200% of actual issued shares. Posted by just now. Many retail investors lost out as GameStop shares slumped again after the rush was over. Shares in GameStop, which was at the heart of the so-called "stonks" retail trading mania earlier this year, rose 8% to nearly $225 in U.S. premarket trading on Wednesday, a day after rising 18%. And seemingly at the center of it all was a guy named Keith Gill, also known as “Roaring Kitty” on YouTube as well as “DeepF---ingValue” on Reddit. FINRA Short % of Float: 78.46% It’s a role cast for them with relish by their chat-room usurpers, the tens of thousands of average Joe day-traders whose fervor for a left-for-dead retailer has become a self-fulfilling prophecy in its 245% rally this year. GameStop has become a money geyser for the options-obsessed crowd that gathers in Reddit’s WallStreetBets forum. ... SOCIAL BUZZ: Virgin Galactic, Nvidia, Gamestop lead Wallstreetbets Stocks Highe.. MT. Remember, the original purpose of shares in a company was to simply track ownership over an organization that produced something of value. Previously, WallStreetBets targeted heavily shorted stocks such as GameStop and AMC Entertainment Holdings Inc (NYSE: AMC). GameStop is trading at $110 as of the time of this writing, down from closing yesterday at $225. February 2, ... Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch. Overbought stocks. GameStop has fallen nearly 84% so far this week, although it is up almost 184% year-to-date. GameStop GME shares have ripped over 30% higher in the past two trading sessions. WallStreetBets Reddit in Turmoil Amid GameStop Stock Crash. ... And GameStop … The post is called GameStop … WallStreetBets, the grassroots collective that grabbed headlines for its battle against GameStop short sellers, today announced the results of its first community poll determining the 20 starting cryptocurrency assets comprising the WSB Crypto 20 ETP, WallStreetBets’ debut Exchange-Traded Portfolio (ETP). The 10,000 Foot View of WallStreetBets, Gamestop, Robinhood and Crypto. 10.2m members in the wallstreetbets community. Unlike GameStop … Discord said on Wednesday that the group was removed due to repeat violations of its rules against “hate speech, glorifying violence and spreading misinformation.” It maintained the move was unrelated to the ongoing GameStop debacle, in which members of the page and a related Reddit group have helped to send the company’s stock soaring more than 1,700-percent since early January. The subreddit remained relatively small until 2020, when popularity in stock trading apps soared. GameStop shares surged 15.8% to $242.56, around its highest level since mid-March, while AMC shares shot up 19.2% to $19.56, the highest since Jan. 27. As the GameStop stock situation continues to unwind, the subreddit that started it all, r/wallstreetbets… Until the start of the pandemic, it had never occurred to Alex Patton that he could become an amateur trader. Discord issued multiple warnings to WallStreetBets but the owners said that users were finding workaround against their own moderation. Fidelity's GameStop stake dropped to 87 shares on Jan. 29 from 9.3 million shares, or 13% of the company, on Dec. 31, according to securities filings. At around 4 p.m. EDT on Wednesday, the whole site went down for about an hour, potentially sparked by people flocking to the subreddit. He is also studying the fallout from the r/WallStreetBets incident. WallStreetBets Is Taking A Break From Buying GameStop Stock To Adopt Gorillas WallStreetBets Is Taking A Break From Buying GameStop Stock To Adopt Gorillas Redditors over at WallStreetBets have decided to use their GameStop gains to … Recent from … ... Any request to remove copyrighted material will be honored, provided proof of ownership is rendered. The GameStop Incident. The drop signaled that the popular WallStreetBets Reddit stock market discussion board may be losing its magic. Water. r/WallstreetBets also appears to be moving into trashville, or the illiquid pink sheets, where made up prices are often the norm even in quiet times.. Meme stocks GameStop, AMC are popping again as speculative trading ramps back up – chatter @ #wallstreetbets At the foot of the Mont Blanc. WallStreetBets users realized that if they could buy up all the GameStop stocks in existence and never sell, they would have Wall Street and hedge funds over a barrel. Ownership Search; Dividend History ... GameStop’s shares and those of other stocks popular on forums such as Reddit’s WallStreetBets have climbed in … The global investment community has been dumbfounded by chaotic online message board r/WallStreetBets, whose users have memed US company GameStop’s share price into the stratosphere. Video Player is loading. This is a modal window. Beginning of dialog window. Escape will cancel and close the window. End of dialog window. This is a modal window. Early investors in the scheme encouraged others on WallStreetBets to invest in GameStop. Keith Patrick Gill (born June 8, 1986) is an American financial analyst and investor known for his posts on the subreddit r/wallstreetbets. 'WallStreetBets was well within normal parameters' says Reddit CEO Steve Huffman. In 1976, Peter Drucker published The Unseen Revolution: How Pension Fund Socialism Came to America.The book opened with a sentence that would have seemed astonishing at the time, and looks vaguely amusing today: “If socialism is defined as ‘ownership of the means of production by the workers’ . Reddit is a popular website that self-proclaims it “powers hundreds of thousands of distinct online communities” [1] through the use of small forum-type discussion boards that are referred to as “subreddits.” Total Owned: 253,299,787. Related: Elon Musk Turns GameStop Stock Into Riches. . American Airlines is the most shorted major U.S. carrier, with roughly 171.3 million of its 610.8 million shares outstanding, or about 28%, currently sold short, according to S&P Capital IQ. A sudden wave of new users and YOLO stock buying has reshaped the sub's identity. He’s being singled out in a class-action lawsuit from the Hagens Berman law firm as the mastermind behind the GameStop stock price run. The Gamestop Saga: David vs Goliath 2.0. While u/Double_Gunz' video is an amusing summation of the GameStop stock situation, the epic financial saga is still ongoing. GameStop stock prices have exploded thanks to popular social media platform Reddit's hottest stock market-related community, r/WallStreetBets, where users have enacted a get-rich-quick scheme - and it seems to be working. The enthusiasm behind GameStop was so high that its share price quickly rose to over $300 per share. ... rules can and will be changed to serve the interests of ownership or those violent monopolists (i.e. r/WallStreetBets initiated the GameStop squeeze, but has targeted a number of other stocks as well. Thoughts on Short Selling, GameStop, & Reddit r/wallstreetbets Last updated: January 28, 2021 G.E. See which meme stocks might be the next target. GameStop — a once popular, now faltering, video game store — made international headlines over the past few weeks when Reddit users drove its stock price up 1,700 per cent. Despite reports predicting that the value of the GME stock was about to decline, users … The brick-and-mortar seller of … r/wallstreetbets, a now-private subreddit of three million users dedicated to spreading information about investment, has increased video game retailer GameStop’s stock price ninefold. GameStop closed the week up 400%, while the S&P 500 suffered its worst week since October 2020. Wallstreetbets videos and latest news articles; GlobalNews.ca your source for the latest news on Wallstreetbets . Definitely not that at all. ... Dumbed-down WallStreetBets GameStop Story. ... two wildly popular meme stocks among members of Reddit’s WallStreetBets forum, soared more than … Members on the subreddit r/WallStreetBets believed that GameStop [ticker GME], with 5k+ brick ‘n’ mortar locations, could turn around its fortunes by going digital. Background: GameStop, Wallstreetbets and Robinhood At the center of the GameStop saga is the website Reddit.com. On Aug. 31, 2020, Ryan Cohen — the billionaire founder of pet company Chewy — bought up a big position in GME (he now owns 10%+ of it) with plans to modernize the company. In late January, Jung said the Alliance would initiate a GameStop-style buying spree of two of South Korea’s most-shorted companies, but he has since adopted a more sober stance. News. Between Wednesday, January 20 and Wednesday, January 27, the company’s stock surged from $39.21 to $347 through enormous investments from the subreddit’s users. This means the plan was to borrow GameStop shares, sell them, then buy or repay the value of GameStop shares after the stock decreased in value. Reddit “WallStreetBets” Traders Go Wild After AMC Theatres CEO Embraces Their Ownership: “He’s Totally Onboard” Alex Weprin 6 days ago CN Rail Is … GameStop soared as much as 21% to $217.11 in mid-afternoon trading in New York, the highest in about two months. … Keith Gill, the Redditor who drove WallStreetBets to supercharge GameStop stocks, is now being sued by hedge funds.These hedge funds, such as Melvin Capital Management and Citadel LLC, claim that Gill manipulated WallStreetBets for his own financial benefit. Gamestop: Short interest continues to pile into this stock while earnings estimates have moved up 12% in the past month. Apparently we don’t need any more stimulus. Members on the subreddit r/WallStreetBets believed that GameStop [ticker GME], with 5k+ brick ‘n’ mortar locations, could turn around its fortunes by going digital. A book proposal titled The Antisocial Network and a Netflix film by Mark Boal on the same subject has already been announced in the last 24 hours, but To The Moon will be the first TV series to focus on the story. Members on the subreddit r/WallStreetBets believed that GameStop [ticker GME], with 5k+ brick ‘n’ mortar locations, could turn around its fortunes by going digital. GME - Gamestop Purchase 3.82. Despite reports predicting that the value of the GME stock was about to decline, users … Media Falsely Claims WallStreetBets, GameStop ‘Meme Stock’ Traders are Alt Right, Incel, GamerGate Supporters. Retail: 38,595,000. Funds: 40,000,000. Send takedown requests to feedback@stillnessinthestorm.com. AMC, GameStop, Nokia NOKIA.HE and Blackberry BB.TO are currently the most discussed stocks on Wallstreetbets, eclipsing Tesla TSLA.O, which has long dominated chatter amongst its members. The biggest gain for today is, unsurprisingly, GameStop . After a rollercoaster ride last week and an unprecedented rise the week before, it looks like GameStop’s stock price might finally be settling back down back to Earth. Oversold stocks. The subreddit has been attributed as the main cause behind GameStop and AMC stocks skyrocketing, creating a class war at the stock market. GameStop stocks started the year at roughly $20 a share and have skyrocketed to nearly $500 at their peak in the last week. Last week, the short squeeze forced hedge fund Melvin Capital to …
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