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Reddit vs Wall Street

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• Reddit vs Wall Street

  NeoMetallix > 01-29-2021, 08:48 PM

  Hello everyone, unless you've been living under a rock the past few days there has been an epic battle between Reddit users and Wall Street billionaires. This is very interesting to me, and I hope they take down these billion dollar hedge funds.
  
  

• RE: Reddit vs Wall Street

  NeoMetallix > 01-29-2021, 10:28 PM

  Looks like they've lost nearly $20 million on GameStop this year!
  
  https://www.msn.com/en-us/money/companie...r-BB1ddqQp

• RE: Reddit vs Wall Street

  the2pacfan47 > 05-12-2021, 12:43 AM

  I haven't been following it as much as of late, but I think these nearly 4 months later, the stock market has not been the same. I know some folks from Reddit are still watching for similar trends now. I recall seeing something on Twitter recently about an interest in AMC stock. It's wild though, having watched all of that unfold, and with Gamestop no less! I just wish those apps that allow you to easily buy and sell stocks didn't try to save the hedge funds by removing the ability to trade stocks like Gamestop. Imagine if they hadn't, how much bigger this all would have gotten!!

• RE: Reddit vs Wall Street

  NeoMetallix > 05-12-2021, 12:10 PM

  Yeah that was wild and all the news outlets were saying that they changed their positions and were no longer short selling, even though that wasn't true and they tried to push people into thinking it was over and Silver was the next big thing.

• RE: Reddit vs Wall Street

  the2pacfan47 > 05-12-2021, 09:09 PM

  Oh of course the news did that, they were probably tied into the mess somehow. It's amazing when someone tugs just right at something like that, how many people and businesses are found to be tangled into it in some way shape or form! But yeah, on the whole, it was mind blowing, entertaining, and I hope to see it develop more! It's also been wild watching the Cryptocurrency market ebb and flow in such a wild manner! I feel like both have been happening side by side. Perhaps there is some interconnectivity, but I'll admit I haven't dug enough to know for sure! hehe

• RE: Reddit vs Wall Street

  Heatman > 03-13-2024, 12:54 AM

  They ended up losing a lot more. This was a very crazy event, I wouldn't have thought it happening but it did in such an unexpected way.
  
  
  https://www.theverge.com/22251427/reddit...all-street
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