Reddit Traders Made GameStop a $10 Billion Company - The New …

Jan 27, 2021 · The Reddit jockeys have already toppled a bigwig. Gabe Plotkin, the hedge fund trader whose Melvin Capital was shorting GameStop — and who recently raised a $2.75 billion …

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Reddit Traders Made GameStop A $10 Billion Company - The New …

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Jan 27, 2021 · The Reddit jockeys have already toppled a bigwig. Gabe Plotkin, the hedge fund trader whose Melvin Capital was shorting GameStop — and who recently raised a $2.75 billion …

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GameStop Stock Soars As Reddit Investors Take On Wall St. - The …

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Jan 27, 2021 · That caused GameStop’s market value to increase to over $24 billion from $2 billion in a matter of days. Its shares have risen over 1,700 percent since December. Between …

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Reddit Traders Made GameStop A $10 Billion Company

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[Business] - Reddit Traders Made GameStop A $10 Billion Company

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Web3 gaming is not seeing the $4 billion fundraising highs of 2022 to 2023, but data from Game 7 DAO shows that the sector has stabilized around $1 billion as it matures. ... Traders Set $1 …

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I Am A Day Trader Who Made $1.6M On Gamestop (GME), The

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I am a Retail Day Trader trading stocks from home, who made $1.6 Million on Gamestop (GME), the popular Meme Stock as seen on r/wallstreetbets. I am one of the most followed day …

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AppLovin Sells $3.5 Billion In Its Debut Blue-Chip Bond Deal

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1 day ago · (Bloomberg) -- The anything AI frenzy has made its way into the high-grade bond market, helping a company shunned by Silicon Valley’s money just a decade ago to take on a …

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FAQs about Reddit Traders Made GameStop a $10 Billion Company - The New … Coupon?

Did Reddit r/wallstreetbets cause a rise in GameStop's stock price?

In the GameStop saga, at least, the answer is yes. An army of traders on the Reddit forum r/WallStreetBets helped drive a meteoric rise in GameStop’s stock price in recent days, forcing halts in trading and causing a major headache for the short sellers betting against it and banking on the stock falling. ...

Will GameStop stock crater?

Most of GameStop stock gyrations have to do with a tug of war between amateur day traders on Reddit, one of the world's largest online communities — who are betting on the stock to keep rising — and the professional managers of Wall Street hedge funds, who have bet that GameStop's stock will crater. ...

Why did Reddit and Retail Traders take notice of GameStop?

As Reddit and retail traders started to take notice of GameStop, they also took notice of how heavily shorted the stock was — information that’s generally pretty easy to get. And they figured out a way that, if they acted all together, they could sort of screw the shorts over and make a profit doing it. ...

Why is GameStop stock so high?

Video game retailer GameStop has seen its stock soar, driven higher by a group of amateur day traders on Reddit, who are taking on Wall Street hedge funds. The frenzy has gotten the attention of regulators and lawmakers. What the deal with GameStop? There's a good chance you have heard that question many times in the past few days. ...

Is GameStop the most traded company in America?

Single stock call option trading has hit new records. Junky GameStop, not Apple or Microsoft, was by far the most traded company in America at times last week. Daily option premiums traded in the video game retailer surged to nearly $10 billion, more than the entire S&P 500 Index. ...

Is GameStop a billionaire?

On paper his GameStop investment has made him a billionaire. With positive change afoot, Reddit posters uncovered the potential for a squeeze due to GameStop’s heavy short interest and the interplay of options trades on platforms like Robinhood and their execution by market makers like Citadel Securities. ...