A soaring stock market and fanfare around “meme-stocks” are drawing the attention of the Federal Reserve, as the economic recovery casts some shadows on a … The group “r/Wallstreetbets” (aka WSB) is a longstanding subreddit channel where over 3.5 million Reddit users discuss highly speculative trading ideas and strategies. WallStreetBets, predictably, has lost its collective shit over the news: "DADDY DADDY!!" Discussion and planning around GameStop investment unfolded most visibly on a subreddit called WallStreetBets, where traders share tips, … Cohen’s … 53.6k votes, 1.0k comments. While Reddit investors’ risky gambit continues to play out in their favor, short-sellers are feeling the pain for a change. As a sort of “revenge pump”, WallStreetBets might have caused DOGE’s rally. It … The WallStreetBets Reddit community has in particular focused on GameStop (GME), driving its share price up nearly 900% in five days to around $347 on Wednesday. A wave of at-home traders found each other on the red-hot "wallstreetbets" Reddit chat room, whose members have ballooned to over 3 million. Story by Jon Sarlin, CNN Business Illustrations by Max Pepper and Will Mullery, CNN. In a January 25 post titled “An open letter to CNBC,” one WallStreetBets Redditor pointed out that much of the network’s audience is composed of the retail traders who are now being criticized. … Like 4chan found a Bloomberg Terminal 10.2m members in the wallstreetbets community. As evidence, Demiros pointed at the cryptocurrency’s traded volume. With the title “WallStreetBets Bows to Crypto”, the article and moderator’s decision caused discomfort in that community. Like Bitcoin, Tesla, and the SPAC IPO, the Reddit forum r/wallstreetbets grew exponentially in 2020.In the first weeks of 2021, it discovered just how strong it's become. "I'm jacked to the tits," another said. Updated 7:10 AM ET, Sat January 30, 2021 Just look at WallStreetBets, the freewheeling forum favored by amateur traders whose touts led to a frenzy in videogame retailer GameStop Corp. ’s stock. one post reads. r/wallstreetbets: Like 4chan found a Bloomberg Terminal. The next day, GameStop's official Twitter account tweeted a photo of an astronaut, wearing a space suit labeled with the GameStop logo, sitting on the moon. Inside the Reddit army that's crushing Wall Street.
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