Trump's fans on social media have pumped the stock on Reddit and StockTwits, fueling heavy trading
In the ongoing round, it has already raised $410 million from Fidelity
The movie-theater chain has a market value of more than $30 billion, making it more valuable than at least half of the companies in the S&P 500 Index.
The story of a mind-boggling fortune made in stealth and then wiped out in a blink has sent shock waves through mighty banks.
The company reported a dip in quarterly net sales, which also missed analysts' expectations, and a decline in gross margins
Since the market peaked a few weeks ago, retail traders have plowed cash into US stocks at a rate 40% higher than they did in 2020, which was a record year
Vollero, who served as Snap Inc's first CFO and was a former executive of Mattel Inc, will lead Reddit's finance team starting later this month and will report to Jen Wong, the firm's COO
Along with GameStop, which pared gains to close up 18.3%, cinema chain AMC Entertainment finished up 14.6% and headphone maker Koss added 13.4%
No mention of Bitcoin, Robinhood or WallStreetBets in Buffett's latest annual letter but plenty of homespun value-investing wisdom
"The power of the "three R's" (Robinhood, Retail, Reddit) are back in play," said Neil Campling, head of technology research at Mirabaud Securities
The sharp moves surprised the market, which thought the excitement behind the recent Reddit-fueled rally had died down
Online discussion forum Reddit suffered a major outage and users were unable to load the website that showed a blank white page for nearly an hour.
GameStop shares were up 60% after hours at around $146, following a 103% rise during the day's trading
NEW YORK (Reuters) - GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after recent hearings in the U.S. Congress into the fierce rally and steep dive that upended Wall Street in January.
GameStop said Bell's resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices
Last month's Reddit rally drove massive volatility in GameStop and other shares, prompting the post-trade "clearing" houses that guarantee trades to call for billions of dollars in collateral
The witness list was announced on Friday by Congresswoman Maxine Waters and includes Keith Gill, who also goes by Roaring Kitty
GameStop's market value soared from $1.4 billion on Jan. 11 to a peak of $33.7 billion on Jan. 28
Swaggystocks, which aggregates sentiment on shares talked about in the WallStreetBets forum, showed Tilray was the most upvoted stock in the group
Online public discussion platform Reddit has raised $250 million in the new Series E funding round.