Dozens arrested in multi-state drug trafficking investigation So the folks on Reddit running ‘wallstreetbets’ figured this out and are pushing the price of GameStop up,” says Witte. ... SEC Signals Investigation … This microcap stock belongs at the very bottom of your watch list for further investigation. Wallstreetbets users on Reddit donated over $256,000 to gorilla conservation. GameStop shares experienced a short squeeze this month, largely thanks to a Reddit community called WallStreetBets, which, as of now, has more than 5,6 million subscribers. Through an attempted coup by moderators and a federal investigation for insider trading, the subreddit has continued to be the hub for traders who just want to … Amateur online traders fueled by discussions on Reddit sent shares of a struggling video game retailer flying Wednesday, a moment that is underscoring … When Reddit renegades and amateur investors had their trading restricted on GameStop shares by Robinhood, there were calls from politicians for an investigation and a … WallStreetBets founder on stock frenzy: I'm enjoying this from the sidelines Federal investigation looks into carrier's pilot safety practices . Press J to jump to the feed. Earlier this week, the billionaire tweeted “Gamestonk! Over the last week, Reddit … People have been cheering on the David vs. Goliath aspect of Reddit vs. Wall Street. Market Extra Reddit trading guru Keith Gill looks to have made over $25 million on his GameStop bet Last Updated: April 3, 2021 at 8:37 a.m. WallStreetBets Redditor 'Roaring Kitty' to testify in front of US House of Representatives. Also on rt.com Surprise BOOM: GameStop stock spikes as Reddit-based effort to spite short-sellers triumphs. A lot of them seem to be disenfranchised, disgruntled young people, mainly gen-Z, or millenials , with many claiming to put in their GME share as a virtual anti-wall st. "protest" buy. The man who created Reddit’s WallStreetBets isn’t who you think he is. !” and linked to the Reddit community r/wallstreetbets, where users initially planned the mass buying of GameStop stock. Under investigation after Gordon Elliott sits on the surface of a dead horse. Fastly, Inc.(NYSE:FSLY): The technology industry sell-off is intensifying on rising Treasury yields and inflation fears. This metric doesn't include the time that Reddit took off the most, with WallStreetBets alone surpasses the … He is 39 years old. ... A quick peek at wallstreetbets and they are finding all sorts of crazy lying by the big media. If the financial world follows the pattern seen a decade or so ago in other markets, such as fashion and music, Reddit’s WallStreetBets ... 2:28 Calls for investigation into GameStop stock surge. A bunch of Reddit stocks soared with the r/WallStreetBets excitement. And they have ganged up, arguably allowed by free speech purposes, to center on a few stocks," said Cramer, referring to the Reddit forum r/wallstreetbets . As share prices of GameStop stock soar, the popular trading Reddit forum WallStreetBets is facing increased scrutiny. The news this week about SLV is a deliberately orchestrated short-term distraction, and it's being used to hook people who will hear what they want to hear. SNDL is a Canadian cannabis producer for the medicinal and adult-use markets. Led by the Reddit Community known as r/WallStreetBets, ... the Securities and Exchange Commission has vowed an investigation into market manipulation. Evidence of collusion is still very thin (perhaps some will arise on closer investigation); these events were not a “pump and dump” scheme. GameStop's stock price cratered on Tuesday, falling 60% to $90 a share. It flashed on the screen for just five seconds, showing Reddit’s famous orange-and-white logo, along with a message. The SEC and House Financial Services Committee are curious too. Behind the volatility was a Reddit forum called r/Wallstreetbets, which was hellbent on making a buck through a “short squeeze,” a rapid increase in the price of a stock despite a lack of supply. The relationship between the two companies is likely to face new scrutiny after Robinhood took the extraordinary step Thursday of limiting trading … Back to Dashboard RKT Activity Momentum within past 24 hours RKT Daily Activity Trend (as a % of total daily activity on wallstreetbets) Recent Hot Threads: WallStreetBets continues to grow in popularity, now reaching 9.5 million members who want to spend money on stocks. Shares of SNDL have gained 204.9% over the past six months, and 66.8% year-to-date. Between Jan. 20 and Jan. 27, stock for GameStop (GME) rose from $39.12 to $347.51, an 888% increase.In a matter of days, hedge funds like D1 Capital Partners and Melvin Capital, which had short sold GameStop and AMC (which saw a similar rise) to a nearly obscene degree, found themselves grappling with heavy losses. Join the WSB Discord Over the weekend, users "adopted" gorillas by donating money to the Dian Fossey Gorilla fund. Investigation into ‘use of bots’ in Reddit’s Wallstreetbets chatroom Callum Jones , US Business Correspondent Thursday February 04 2021, 12.00am , The Times Typically anti-government CNBC anchor Joe Kernen is calling for a U.S. Securities and Exchange Commission crackdown on the Reddit kids. Also, the House Financial Services Committee held their first of three meetings on February 18th related to the issue. As someone who was a very early member of /r/wallstreetbets: 1) /r/wallstreetbets and /r/wsb are two different subreddits. WallStreetBets exploded into the mainstream, moving from the front page of Reddit to the front page of the New York Times and nearly every other major news site. ... and now they're gonna get caught up in an SEC investigation for market manipulation. Building upon long-debunked conspiracy theories about Russian collusion with the Trump administration, Kimmel joined in the growing chorus to disenfranchise efforts by Reddit’s WallStreetBets community. Also on rt.com Surprise BOOM: GameStop stock spikes as Reddit-based effort to spite short-sellers triumphs. The stock value ballooned to pass the $200 mark after Musk tweeted it out. The Reddit message board that's breaking the internet by sending Wall Street into a frenzy was briefly taken private by its moderators on Wednesday, adding further confusion to a wild day. Reddit's WallStreetBets is back on Discord after ban (updated) ... Investigation ongoing An internal investigation is ongoing, Covenant Heath said in a statement Wednesday. /r/wsb are for those that got banned from wallstreetbets. ... Keep Browsing r/wallstreetbets Get the Reddit App. With a $0.79 share price, it is one of the most talked-about stocks in the Reddit wallstreetbets forum. Read the rules. A number of Reddit users on the popular r/WallStreetBets forum have said they are planning to launch a coordinated effort to target silver as their next short-squeeze target. Reddit thread r/WallStreetBets gained national attention last week as retail investors banned together to “short squeeze” hedge funds who were predicting the fall of GameStop “stonk.” Graphic by Anton Johnson/The Gateway. February 28, 2021. Connected by the Reddit community WallStreetBets, small investors followed the advice on Reddit to drive up shares of GameStop, AMC and others. If the so-called "diamond hands" of Reddit hold out long enough to actually bankrupt Melvin and Citron, it could save Gamestop. SNDL is a Canadian cannabis producer for the medicinal and adult-use markets. Spurred on by the Reddit board r/wallstreetbets, amateur traders flocked last Friday to the physical video game retailer, which had been struggling like many businesses during the pandemic, and drove the value of GameStop stock up by 69%.This triggered an automatic halt in trading and ended yesterday up by roughly 90% with the stock expected to continue soaring. The CEOs of Robinhood, Melvin Capital, Citadel, Reddit… Famous Reddit trader Keith Gill, also known as ‘Roaring Kitty,’ plans to fight back in Congress after being served a lawsuit for his role in the GameStop trading scandal … ... Federal investigation … WallStreetBets founder on stock frenzy: I'm enjoying this from the sidelines He garnered more than 179,000 upvotes on his post. I've had a reddit account for a while, though I hardly look at /r/wallstreetbets. GameStop used as a blunt-force weapon against hedge funds. Like 4chan found a Bloomberg Terminal Members of the Reddit forum r/WallStreetBets have poured money into buying shares of GameStop, theater chain AMC, Nokia, BlackBerry and other companies heavily shorted by hedge funds. A power struggle is rankling r/wallstreetbets, the Reddit forum that sparked the meme stock craze. And it likely all comes down to greed. “There is also speculation that Reddit isn’t necessarily behind this latest move,” Mr Campbell said. 2) When wallstreetbets first started it wasn’t as crazy as it was today. And it likely all comes down to greed. Still, WallStreetBets was excited: Billionaire Mark Cuban of “Shark Tank” fame was set to answer members’ questions—in what is known as an AMA, or Ask Me Anything, on Reddit. WallStreetBets, the Reddit page that spearheaded the rise of GameStop stock, has raised over $265,000 for a gorilla-conservation fund.. On Friday, a user posted that they had sent a donation to the Dian Fossey Gorilla fund that allowed them to ceremoniously "adopt" their own gorilla. ... are the mostly young day traders who congregate on the Reddit page WallStreetBets — aka the Reddit army, or the Reddit … As the movement continues, the whole world has its eye on what WallStreetBets is up to next. The user had not been accused of a single crime and was not under criminal investigation but was doxxed in the media all the […] Social media was suddenly flooded with financial experts last week after GameStop’s stock price rose dramatically. He is 39 years old. Lawmakers also questioned whether Reddit and the WallStreetBets community manipulated the market. Unless the SEC can prove in an investigation that Reddit day traders manipulated the market, sweeping changes are unlikely, say lawyers. From recently perusing it, it seems to have amassed about over six million new subscribers since the commotion started. Reddit WallStreetBets Users Adopt Gorillas, Donates More Than $250,000 to Gorilla Conservation Tiziana Celine Mar 16, 2021 12:47 AM EDT Facebook Twitter Linkedin Comment Mail Rep. Alexandria Ocasio-Cortez called on Congress to investigate the Robinhood app after it banned small investors from buying stock in companies like GameStop. Robinhood, Reddit and GameStop have grabbed the attention of Congress and federal regulators over the last month. By this point, the GameStop … ... triggering a potential investigation. Many chose a company called Robinhood as their broker, which marketed itself as the Enter WallStreetBets. Typically anti-government CNBC anchor Joe Kernen is calling for a U.S. Securities and Exchange Commission crackdown on the Reddit kids. Rep. Maxine Waters announced that Reddit investor DeepFuckingValue, aka YouTuber Roaring Kitty, aka former insurance marketer Keith Gill, will … The Justice Department is looking into potential market manipulation regarding the rapid rise of GameStop's stock price last month. These are the best stock market forums for curious investors.Online stock market forums have perhaps never enjoyed more publicity than they did in the early days of 2021, when several "Reddit stocks" like GameStop (ticker: GME), AMC Entertainment (AMC) and Bed Bath & Beyond (BBBY), among others, soared due to rabid investor interest from a trading forum on Reddit called WallStreetBets. Shares of the Chamath Palihapitiya-backed health insurer have plummeted since going public. Read the FAQ if you're new to both wallstreetbets and trading. But the sheer preposterousness of the whole event has inflamed tempers all over Wall Street. Reddit said it prohibited the facilitation of “illegal transactions” and that it would “review and co-operate with valid law enforcement investigations or actions as needed”. After Kahn shared a photo of his donation on the Reddit page WallStreetBets, many in the online day trading community praised him. 174 votes, 93 comments. Read the comment and submission guide. Matthew Bacon, an advisor with Carmichael Hill in Gaithersburg, Md., told me in an early February email that the WallStreetBets “Reddit thread should ABSOLUTELY be investigated.” In September 2013, a similar subreddit dedicated to finding the Navy Yard shooter(s) was banned by the Reddit … But the sheer preposterousness of the whole event has inflamed tempers all over Wall Street. "It's the 'wallstreetbets' people.' With a $0.79 share price, it is one of the most talked-about stocks in the Reddit wallstreetbets forum. Shares of GameStop shot up 400 percent last week, egged on by the Reddit forum r/WallStreetBets. Here's an in-depth explainer. The post was upvoted over 100,000 times and the idea quickly caught fire with the WallStreetBets community. r/wallstreetbets: Like 4chan found a Bloomberg Terminal. It did not ban the server for financial fraud. Free trading, coupled with Reddit's message boards, have leveled the playing field — for better or worse. Users at r/WallStreetBets have provided some good news for longterm investors in Tootsie Roll, Nokia, AMC, and Blockbuster after gaming the … Shares of GameStop shot up 400 percent last week, egged on by the Reddit forum r/WallStreetBets. The flagship tickers of the whole Reddit WallStreetBets operation posted their usual extreme gains. Members of the Reddit group believed that Wall Street had bet too heavily against GameStop and was taking on too much risk in shorting the stock.
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