Subreddit r/WallStreetBets has been the speak of the Web this week, as its members have pushed GameStop’s inventory costs from around $20 to over $300. The group manufacturers itself as “like 4chan discovered a Bloomberg Terminal,” and as time has gone on, it’s targeted other unlikely stocks like AMC, Blackberry, and Tootsie Roll. They’ve additionally been banned from Discord for hate speech.
If you wish to examine how the group was capable of manipulate the shares of a large firm like GameStop — and the potential fallout — perhaps begin with our explainer?
In any other case, you should utilize this storystream to get caught up on the complete story. We’ll be updating it with all the newest twists and turns.