rwallstreetbets
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AMC Belongs to the People Now
We’re nearly halfway through the year and it looks like the meme stocks haven’t ended their run just yet: As of Wednesday, shares of movie theatre chain AMC Entertainment were up as much as 3,200 on the heels of a newly launched initiative to provide free popcorn to shareholders.
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Robinhood Has Privately Filed To Go Public
Commission-free stock trading app Robinhood said that it had confidentially filed for an initial public offering on Tuesday, apparently ready to capitalise on all of the positive buzz surrounding democratised finance.
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Exiled WallStreetBets Mods Want to Make a Blockchain-Based Hedge Fund
As praises from celebrity investors and movie deals rained on the subreddit/memestock trading floor WallStreetBets, its two contingents of its moderators went to war, each accusing the other of profiteering off the community’s newfound fame. Now, those beaten in the squabble intend to start a competing community which will act like a “decentralised hedge fund.”
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GameStop’s Doing a Thing Again
GameStop, little diva that she is, is in the spotlight once more after shares of the company skyrocketed more than 100% on Wednesday.