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One Reddit day-trader turned $53,566 in GameStop call options into more than...
Summary List PlacementA Redditor claimed to have turned $53,566 in GameStop call options into an $11.2 million fortune.The trader first showed their GameStop call positions doubling in value in a...
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The firms of billionaire investors Steve Cohen and Ken Griffin pour $2.8...
Summary List PlacementSteve Cohen's Point72 and Ken Griffin's Citadel are investing $2.75 billion in Melvin Capital.Melvin is down about 30% this year as its short positions are getting hammered.Day...
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Billionaire investor Chamath Palihapitiya follows Reddit investors into...
Summary List PlacementBillionaire investor Chamath Palihapitiya joined Reddit investors and piled into GameStop with a purchase of bullish call options on Tuesday.Palihapitiya tweeted on Tuesday that...
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Billionaire investor Chamath Palihapitiya follows Reddit investors into...
Summary List PlacementBillionaire investor Chamath Palihapitiya joined Reddit investors and piled into GameStop with a purchase of bullish call options on Tuesday.Palihapitiya tweeted on Tuesday that...
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'Big Short' investor Michael Burry blasts Reddit-fueled GameStop rally as...
Summary List PlacementMichael Burry criticized retail investors for working together to drive up GameStop's stock price.The "Big Short" investor described the behavior as "dangerous" and called for...
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BlackRock has likely made $1.2 billion on GameStop as day traders buy the...
Summary List PlacementBlackRock has likely scored a 700% gain on GameStop this month, thanks to day traders boosting the stock.The world's largest asset manager owned 9.2 million shares worth $174...
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Citron's Andrew Left says his firm covered most of its GameStop shorts at a...
Summary List PlacementAndrew Left said his Citron Capital fund covered most of its GameStop short positions at a 100% loss.The short-seller warned Reddit traders to pay taxes on their GameStop...
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How Reddit day traders are using the platform to upend the stock market and...
Summary List PlacementRetail investors on Reddit are boosting GameStop shares in defiance of hedge funds and investing norms.Members of the group Wall Street Bets have formed a snowballing momentum...
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Reddit's r/WallStreetBets appeared to be down briefly on Wednesday morning...
Summary List PlacementThe Reddit forum that appeared to drive GameStop stock's remarkable surge appeared to crash for some users. The page r/WallStreetBets, which had encouraged investors to bid on...
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AMC spikes 310% as day traders ignite shorted stocks like GameStop,...
Summary List PlacementAMC Entertainment Holdings surged as much as 310% on Wednesday.Day traders also sent GameStop shares soaring, along with BlackBerry and Bed Bath & Beyond.Amateur investors are...
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GameStop nearly died in 2019. Now hedge funds are scrambling to deal with the...
Summary List PlacementIn early 2019, GameStop's stock value fell off a cliff: It dropped from about $16 per share to under $4.And it stayed in that range for just shy of two years.Even in 2020, while...
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The White House is 'monitoring the situation' with GameStop and the stock...
Summary List PlacementWhite House press secretary Jen Psaki said Wednesday that Treasury Secretary Janet Yellen was "monitoring the situation" around the GameStop-related changes in the stock...
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Reddit says it's down amid a stock-market frenzy caused by subredditors and...
Summary List PlacementReddit said it's down on Wednesday amid a stock-market frenzy surrounding a group of Redditors and GameStop shares.The company tweeted "yes we're down right now, I'll share...
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The 4 main reasons that GameStop stock became the target of a Reddit forum...
Summary List PlacementThe absurd, sudden leap in GameStop stock value has nothing to do with game consoles. GameStop shares have skyrocketed 1,200% since mid-January, when members of the Reddit forum...
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The Reddit traders driving up the price of GameStop are not what you think...
Summary List PlacementLook, I get it, what's happening on Wall Street right now seems hilarious.A bunch of amateur day traders on the Reddit forum (or subreddit) r/wallstreetbets are chasing a...
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10 highly shorted stocks are soaring as Reddit traders wage war against top...
Summary List PlacementThe Wall Street Bets forum on Reddit — now 3 million members strong — is flexing its muscle against hedge funds.The forum has sparked an epic short squeeze in shares of GameStop,...
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One chart shows how 3 GameStop shareholders gained nearly $4 billion in a week
Summary List PlacementOne month ago, GameStop announced to shareholders that it would close more than 1,000 stores by the end of March. Since then, the video-game retailer's stock has skyrocketed by...
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Here's how short-selling works, and how Reddit's day-trader army spoiled the...
Summary List PlacementShort-sellers have taken a hit now that GameStop shares have topped $330, in what analysts have dubbed an irrational rally stoked by the Reddit group "Wall Street Bets." When the...
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This GameStop thing isn't funny; it's stupid
Summary List PlacementThere is this bizarre narrative that the Reddit-driven GameStop stock bubble amounts to a way for ordinary investors to "stick it to the man" by causing some hedge funds to lose...
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Billionaire Mark Cuban says his 11-year-old son made money with Wall Street...
Summary List PlacementMark Cuban says his 11-year-old son made money trading with the Wall Street Bets forum.The subreddit went private for an hour Wednesday after a deluge of new participants...
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