The Reddit group that became the discussion center for amateur online traders who fueled GameStop’s stock surge this week briefly went private on Wednesday. The r/WallStreetBets (WSB) forum, which now has more than 3 million members, briefly displayed a page Wednesday for nonmembers that read, “You must be invited to visit this community.”
Full Answer
What is Reddit trading and how does it affect stocks?
Apr 06, 2022 · Reddit became an unlikely stock trading hub in 2021. Groups of traders in Reddit's WallStreetBets community orchestrated targeted buying campaigns in some of the market's most heavily shorted...
What is/R/stockmarket?
r/StockTradingGroup: This subreddit is tied to a Discord server created by Simson aka Adam. Copy: https://discord.gg/NdjucZt Read the rules. Goal is …
What is Reddit wallstreetbets and how does it work?
Jan 29, 2021 · It’s generally comprised of small-account retail investors who have used the site as a central posting board for stock tips and stories of market success and failure. In recent weeks, this group...
Why do Reddit-investors drive up stocks?
Jan 28, 2021 · 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.
Who are the fat cats on Reddit?
Melvin Capital and Citron Capital (with backing by Citadel Capital and Point72). Melvin and Citron are seen by the Reddit crew as Wall Street fat cats — unscrupulous, money-hungry multi-millionaires who are betting against struggling companies purely to grow even wealthier as a company’s stock price crumbles.
What is the target of GameStop?
Their main target has been GameStop (GME) — a troubled videogame retailer that has faced headwinds over the last few years. For most of 2020, GME’s stock traded for under $5 per share. But in September, it began climbing as the Reddit-investors began their campaign.
