Subreddit r/WallStreetBets has been the talk of the Internet this week, as its members have driven GameStop’s stock prices from around $20 to over $300. The community brands itself as “like 4chan found a Bloomberg Terminal,” and as time has gone on, it’s targeted other unlikely stocks like AMC, Blackberry, and Tootsie Roll. They’ve also been banned from Discord for hate speech.
If you want to read about how the group was able to manipulate the stocks of a massive company like GameStop — and the potential fallout — maybe start with our explainer?
Otherwise, you can use this storystream to get caught up on the full story. We’ll be updating it with all the latest twists and turns.
- RThe best $7.74 I ever spent.
Was on a Superior Court Clerk’s Office records request (PDF) for theft charges against this guy who allegedly decided Office Space was a good inspiration for a real crime.
The cops say he edited code on an e-commerce site’s checkout basket to redirect shipping fees on some orders to his personal account. And what did he do with the money?
When asked where the money now is, he stated it was “gone.” He clarified that he had used the money to invest in stock options, particularly GameStop stock options, and reiterated that all the money was now gone.
Redditors are using GameStop profits to help their fellow apes
A wild Wednesday for GME
Whether they had any real influence on the stock’s sudden rise is not clear
GME shot up more than 100 percent this afternoon
Imagine being him through all of this
A Redditor, a FinTech bro, and two hedge fund managers walk into a hearing room
The plaintiff hopes to turn it into a class action
Congress is probing what happened with GME and Reddit
The money grab continues, just not on Reddit
“Underdogs can accomplish anything when they come together around a common idea.’
Reddit says the rogue mods violated moderator policies
The shares are up since the restrictions were lifted, but who knows if they’ll stay that way
The stock hasn’t rebounded since falling dramatically on Tuesday
The losses aren’t real ‘til you sell, but they sure feel that way
Netflix has Noah Centineo, MGM has an unwritten book
Following thousands of negative reviews
Lawmakers have also called to investigate
The company is giving us numbers for what ‘limited buys’ really means
The Wall Street memes continue
Traders say they intended to keep holding
Unhappy users have been review-bombing the app
Halting purchases was ‘a risk management decision,’ the company said in a blog post
It’s a story of the creation turning against the creator