This morning.
Reddit has restored its WallStreetBets subreddit page after removing the community for “racism” and “hate speech”.
Rookie stock market investors on the platform joined together to purchase stock in targeted companies causing a major disruption in the stock market and resulting in several hedge funds to go bust.
GameStop stock rose 1,600 percent in January alone.
Memes have broken the brokerages (The Verge)
Last night: Tomorrow Tonight: Heber Rowan on Gamestop @14.01
Meanwhile….
#GameStop #ShortSqueeze, via @reddit – a short (no pun intended) summary. pic.twitter.com/aJHNtIQhjM
— Salil Kanitkar (@salilkanitkar) January 28, 2021
A little background.
GameStop’s three largest shareholders earn over $2bn amid stock surge (The Guardian)