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Page 4 - Reddit

Donald Trump-tied SPAC ignites retail investor frenzy amid 1,225% surge

Trump's fans on social media have pumped the stock on Reddit and StockTwits, fueling heavy trading

Donald Trump-tied SPAC ignites retail investor frenzy amid 1,225% surge
Updated On : 22 Oct 2021 | 8:17 PM IST

Reddit to raise up to $700 million at over $10 billion valuation

In the ongoing round, it has already raised $410 million from Fidelity

Reddit to raise up to $700 million at over $10 billion valuation
Updated On : 12 Aug 2021 | 7:56 PM IST

AMC stock extends surge as Reddit's retail frenzy reaches new heights

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.

AMC stock extends surge as Reddit's retail frenzy reaches new heights
Updated On : 03 Jun 2021 | 2:22 PM IST

God and man collide in rise and fall of Bill Hwang's life on Wall Street

The story of a mind-boggling fortune made in stealth and then wiped out in a blink has sent shock waves through mighty banks.

God and man collide in rise and fall of Bill Hwang's life on Wall Street
Updated On : 02 Apr 2021 | 7:52 AM IST

GameStop mulls share sale after Reddit-fueled rally; stock dips after hours

The company reported a dip in quarterly net sales, which also missed analysts' expectations, and a decline in gross margins

GameStop mulls share sale after Reddit-fueled rally; stock dips after hours
Updated On : 24 Mar 2021 | 2:06 PM IST

Nothing the stock market does ever scares its retail daredevils

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

Nothing the stock market does ever scares its retail daredevils
Updated On : 07 Mar 2021 | 6:35 AM IST

Reddit appoints Snap veteran Drew Vollero as chief financial officer

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

Reddit appoints Snap veteran Drew Vollero as chief financial officer
Updated On : 05 Mar 2021 | 9:44 PM IST

GameStop surges more than 18%, other 'meme stocks' mount late-day rally

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%

GameStop surges more than 18%, other 'meme stocks' mount late-day rally
Updated On : 02 Mar 2021 | 6:51 AM IST

Warren Buffett won't take the Reddit bait, suggests his Berkshire letter

No mention of Bitcoin, Robinhood or WallStreetBets in Buffett's latest annual letter but plenty of homespun value-investing wisdom

Warren Buffett won't take the Reddit bait, suggests his Berkshire letter
Updated On : 28 Feb 2021 | 8:46 AM IST

GameStop jumps nearly 19%; 'meme stocks' fade after another wild ride

"The power of the "three R's" (Robinhood, Retail, Reddit) are back in play," said Neil Campling, head of technology research at Mirabaud Securities

GameStop jumps nearly 19%; 'meme stocks' fade after another wild ride
Updated On : 26 Feb 2021 | 6:58 AM IST

GameStop rally builds after puzzling ice-cream cone tweet

The sharp moves surprised the market, which thought the excitement behind the recent Reddit-fueled rally had died down

GameStop rally builds after puzzling ice-cream cone tweet
Updated On : 25 Feb 2021 | 7:40 PM IST

Reddit suffers major outage as GameStop shares soar 100%

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.

Reddit suffers major outage as GameStop shares soar 100%
Updated On : 25 Feb 2021 | 10:57 AM IST

GameStop stock doubles in afternoon up by 60%; even Reddit is surprised

GameStop shares were up 60% after hours at around $146, following a 103% rise during the day's trading

GameStop stock doubles in afternoon up by 60%; even Reddit is surprised
Updated On : 25 Feb 2021 | 6:37 AM IST

GameStop stock doubles in afternoon; even Reddit is surprised

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 stock doubles in afternoon; even Reddit is surprised
Updated On : 25 Feb 2021 | 3:26 AM IST

GameStop finance head to step down as company shifts into tech-driven sale

GameStop said Bell's resignation was not due to any disagreement with the company relating to its operations, including accounting principles and practices

GameStop finance head to step down as company shifts into tech-driven sale
Updated On : 24 Feb 2021 | 6:42 AM IST

Robinhood, hedge funds, Roaring Kitty defend Gamestop move ahead of hearing

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

Robinhood, hedge funds, Roaring Kitty defend Gamestop move ahead of hearing
Updated On : 18 Feb 2021 | 6:37 AM IST

Roaring Kitty to testify on GameStop alongside hedge fund managers

The witness list was announced on Friday by Congresswoman Maxine Waters and includes Keith Gill, who also goes by Roaring Kitty

Roaring Kitty to testify on GameStop alongside hedge fund managers
Updated On : 14 Feb 2021 | 7:13 AM IST

How GameStop missed out on capitalising on the Reddit-fueled rally

GameStop's market value soared from $1.4 billion on Jan. 11 to a peak of $33.7 billion on Jan. 28

How GameStop missed out on capitalising on the Reddit-fueled rally
Updated On : 11 Feb 2021 | 9:47 PM IST

Reddit forums turn to cannabis industry as stocks surge new highs

Swaggystocks, which aggregates sentiment on shares talked about in the WallStreetBets forum, showed Tilray was the most upvoted stock in the group

Reddit forums turn to cannabis industry as stocks surge new highs
Updated On : 10 Feb 2021 | 10:15 PM IST

Reddit raises $250mn in Series E funding, now has over 50 mn daily users

Online public discussion platform Reddit has raised $250 million in the new Series E funding round.

Reddit raises $250mn in Series E funding, now has over 50 mn daily users
Updated On : 09 Feb 2021 | 10:59 AM IST