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Short sellers lost $618 million following the rally in meme stocks GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC) on Tuesday, according to data from analytics firm Ortex. What Happened: Video game retailer GameStop’s shares rose more than 16% on Tuesday and closed...

New data suggests that interest on Reddit has switched from meme stocks to cryptocurrencies. What Happened: According to a report from the Financial Times, Reddit’s cryptocurrency forum “r/Cryptocurrency” has garnered more traction from retail traders than popular meme...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk’s call for his social media following to submit ideas for the development of the meme cryptocurrency Dogecoin (DOGE) has received an overwhelming response on Reddit. What Happened: The “r/dogecoin” community on Reddit now has 2 million...

AMC Entertainment Holdings Inc. (NYSE: AMC) CEO Adam Aron is planning to increasingly engage with the movie theatre chain’s new-found backers, the retail investors, through Twitter. What Happened: Aron took to Twitter earlier this month to say that he has started following “Apes...

Hedge fund Melvin Capital Management LP, which was at the heart of the GameStop Corp. (NYSE: GME) short squeeze frenzy earlier this year, closed out of all its public bearish positions in the first quarter. What Happened: Melvin Capital exited all of its listed put options during the...

A crypto lending platform unintentionally sent users’ accounts large sums of Bitcoin. What Happened: BlockFi, a Bitcoin and crypto lending service, incorrectly deposited “inaccurate bonus rewards” into its users’ accounts. According to several reports on Reddit, some users...

Meme stocks such as GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC) may soon see another short squeeze, based on the social media chatter around both stocks, according to social-media tracker HypeEquity. What Happened: According to HypeEquity data, video game retailer...

The Church of Jesus Christ of Latter-day Saints benefited from the GameStop Corp. (NYSE: GME) trading frenzy earlier this year to record a gain of 907% on the “meme” stock in the first three months of this year. What Happened: The investment arm of the church, Ensign Peak Advisors,...

Short sellers are estimated to have lost almost $930 million over the last five trading days following the latest surge in meme stocks GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC), according to data from analytics firm Ortex. What Happened: Video game retailer GameStop...

GameStop Corporation (NYSE: GME) has been silent about its epic short squeeze until posting a series of tweets Tuesday and Wednesday that were later deleted. One tweet, in response to a trailer for the upcoming Mass Effect: Legendary Edition, read “Oops *moass* my bad,” an obvious...

After recording huge losses following the GameStop Corp. (NYSE: GME) trading frenzy earlier this year, hedge funds are now looking beyond equities to focus on junk- and investment-grade rated bonds for short bets. What Happened: Hedge funds have accumulated the biggest short position on junk bonds...

AMC Entertainment Holdings Inc (NYSE: AMC) shares moved past the $10 psychological mark in Monday’s after-hours session, spiking over 5%. What Happened: There were no significant triggers for the movement in the shares. AMC continues to remain popular as a meme stock among retail investors....

AMC Entertainment Holdings Inc. (NYSE: AMC) CEO Adam Aron has expressed optimism about the movie theatre chain’s prospects, saying it is looking at an “increasingly favorable environment” for movie-going in the coming months. What Happened: Aron attributed the favorable...

Members of the trading subreddit WallStreetBets fell victim to a targeted scam. What Happened: According to a Tuesday's Bloomberg report, a scam targeting WallStreetBets could have left its victims with at least $2 million in losses. A Telegram group named “WallStreetBets...

A post by a member of the Reddit investor forum r/GME in March that speculated billionaires were increasing their short positions in GameStop Corp. (NYSE: GME) ahead of their impending divorces is now seen as a bull case for the videogame retailer’s value. What Happened: Following the...