Reddit

Reddit said Monday it raised more than $250 million in Series E funding from both existing and new investors. What Happened: The social news aggregator and discussion website’s current investors include Tencent Holdings Ltd (OTC: TCEHY), Andreessen Horowitz, and Sequoia Capital, according to...

2021 started with an entirely new phenomenon in the trading world. In January, Redditors in a group called WallStreetBets took on the Wall Street elite and drove up share prices of companies that had fallen out of favor with corporate investors due to weak fundamentals.  The retail...

Reddit took out a five-second advertisement during Sunday’s Super Bowl that paid an ode to "underdogs," as highlighted during the GameStop Corp. (NYSE: GME) short squeeze saga. What Happened: ‘Wow, this actually worked,” declared the text-only commercial going....

Schroders analyzes short selling also from an ethical point of view, reaching the conclusion such practice has an unfairly negative reputation. The battle between private traders and hedge funds over the GameStop Corp. (NYSE: GME) case made the headlines lately, shining a light on a...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s frequent public comments on Dogecoin (DOGE) and Bitcoin (BTC) are causing damage to the cryptocurrency industry, according to some. What Happened: A Reddit user who goes by the handle Jones9319 said in a post on Thursday that Musk may lose his...

The shares of GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc. (NYSE: AMC) are trading higher in the pre-market session at press time on Friday. The surge comes as the two stocks remain the center of interest on the r/WallStreetBets community on Reddit, as per data compiled by...

Robinhood has lifted temporary limits it imposed on the purchase of so-called meme stocks like GameStop Corp (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC). What Happened: “There are currently no temporary limits to increasing your positions,” the broker said in a one-line...

ATA Creativity Global (NASDAQ: AACG) stock closed over 951% today. What Happened: ATA shares were buoyed — thanks to discussions on Reddit investor forums WallStreetBets, Stocktwits, and Twitter Inc’s (NYSE: TWTR) platform, related to pumping the stock. AACG from r/...

Koss Corporation (NASDAQ: KOSS) is one of the handful of stocks that has gotten caught in the wave of short squeezes driven by Reddit’s WallStreetBets community in recent weeks. While Reddit traders may still “like the stock,” Koss company insiders, including the Koss family...

Nokia Oyj (NYSE: NOK) declared fourth quarter and full-year results on Thursday. What Happened: The Finnish telecom network firm reported earnings per share of EUR 0.26 ($0.31) for the full-year 2020 compared with EUR 0.22 ($0.26) for full-year 2019. See also: How to Buy Nokia (NOK) Stock For...

Dave Portnoy said he purchased $700,000 worth of AMC Entertainment Holdings Inc (NYSE: AMC) shares Wednesday. What Happened: The Barstool Sports owner told Fox Business host Stuart Varney that he bought back into the theater chain after exiting positions in the Reddit hot stocks...

Richard Mashaal and Brian Gonic’s hedgefund Senvest Management LLC made $700 million in the WallStreetBets-fueled rally in GameStop Corp (NYSE: GME), the Wall Street Journal reported Wednesday.  What Happened: The two started buying the shares of the video game retailed in September and...

The shares of Sundial Growers Inc (NASDAQ: SNDL) spiked 16.3% in the regular session on Wednesday. What Happened: The surge came amid the overall strength in the cannabis industry following the announcement of a merger & acquisition deal between GW Pharmaceuticals PLC (NASDAQ: GWPH) and Jazz...

Keith Patrick Gill, better known as “DeepF---ingValue” on Reddit and as “Roaring Kitty” on YouTube, revealed he lost more than $13.6 million on his GameStop Corp. (NYSE: GME) investment on Tuesday. Gill, a financial advisor previously employed by MassMutual who inspired the...