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A meme stock is a stock that gains popularity among retail investors through social media. The popularity of meme stocks is generally based on internet memes shared among traders, on platforms such as Reddit's r/wallstreetbets. Investors in such stocks are often young and inexperienced investors.
r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021.
Chief among them is Steven Huffman, Reddit’s cofounder and CEO, who plans to sell 500,000 shares. Huffman could make $17 million if the IPO prices at $34. He'll have 3.3% voting power after the ...
Reddit (/ ˈ r ɛ d ɪ t /) is an American social news aggregation, content rating, and forum social network. Registered users (commonly referred to as "Redditors") submit content to the site such as links, text posts, images, and videos, which are then voted up or down by other members.
Yuvraj Malik. May 17, 2024 at 12:54 PM. By Yuvraj Malik. (Reuters) -Shares of Reddit rose 13% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to boost ...
The Reddit poster admitted her boyfriend didn’t believe so. “A few weeks ago, my (21F) boyfriend (27M) surprised me with a first-class ticket for a long-haul flight,” she started.
A pregnant woman has revealed why she doesn’t want her doctor husband to deliver their baby. In a post shared to the Am I the A**hole Reddit forum, a 35-year-old pregnant woman explained that ...
Origins and development. The dead Internet theory's exact origin is difficult to pinpoint. In 2021, a thread titled "Dead Internet Theory: Most Of The Internet Is Fake" was published on the forum Agora Road's Macintosh Cafe by a user named "IlluminatiPirate", claiming to be building on posts from 4chan's paranormal section and Wizardchan, and marking the term's spread beyond these initial ...