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Reddit has raised $250 million in a Series E fundraising round, the company announced Monday night. The social media site, which said both new and existing investors participated but did not disclose their names, plans to double its headcount with the funds, as well as build out its “video, advertising, consumer
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The media keeps saying WallStreetBets is going after silver; WallStreetBets members say it’s a campaign to co-opt and divide them. This episode is sponsored by Nexo.io.Today on the Brief:Elon Musk talks bitcoin on ClubhouseIndia trying to ban crypto?DEXs have best month ever in January Our main discussion: Has WallStreetBets been
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Cryptocurrency derivatives exchange FTX has listed a WallStreetBets (WSB) index quarterly futures contract in a bid to capitalize on the retail trading fervor that exploded in recent days.Announced Thursday via blog post, the basket of markets that make up the contract include stocks being targeted by the Reddit trading group
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The retail trader insurgency has massive implications for the future of capital markets. This episode is sponsored by Nexo.io.This week, a collective of foul-mouthed internet memers took down some of Wall Street’s best-known hedge funds. In today’s episode, NLW looks at:Image credit: Spencer Platt/Getty Images News and WallStreetBets Subreddit Source
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Even after Cohen joined the board and the stock price began to rebound, a handful of hedge funds and other institutional investors continued to short-sell GME stock. This was likely an attempt by large players to out-muscle amateur traders and induce panic selling. The WallStreetBets Reddit community saw this as
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GameStop shares have managed to scoop 470%, 265%, and 116.31% in the past three months, one month, and five days respectively.GameStop Corp Cl A (NYSE: GME) stock has been the talk of the market for the past few days, particularly for the astronomical price rally. The continued difference between short-sellers
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