Tag: Meme stocks
-
+
+
+
+
+
+
Shares of Wendy’s exploded today as Reddit’s merry band of traders piled in: Beloved burger and Frosty chain Wendy’s (WEN) has won the honor of being the first fast-food stock to get roped into the red-hot meme stock trade. Shares of Wendy’s spiked 16% in early afternoon trading on Tuesday…
-
+
+
+
+
+
+
AMC stock has doubled in just ten days, extending a 13-fold rally this year: Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied more than 116% since Monday, according to data from S3 Partners. AMC was the…
+
+
+
+
+
+
+ Business+ AMC, Financial markets, Hedge funds, Meme stocks, Money, Personal finance, Reddit, Short sellers, Short squeeze, Stock Market, Stocks+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
There have been a lot of winners in GameStop’s dizzying, over tenfold rise in the last year. An unlikely one is the Mormon Church, which made over $8 million on GameStop shares through its investment arm: The Church of Jesus Christ of Latter-day Saints’ play for stock in GameStop paid…
+
+
+
+
+
+
+ Business+ Gamestop, GME, Invest, Investing, LDS, Meme stocks, Money, Mormon, Personal finance, Stock Market, Stocks, Utah+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
It’s no secret that GameStop shares have gone vertical, up more than ten fold this year. Besides making millionaires of a lot of Redditors, this also lets GameStop sell more shares at high prices, enabling them to raise capital with ease. And raise they did, to the tune of $550…
+
+
+
+
+
+
+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Palantir released its earnings for the first quarter of 2021 today, and it’s not looking good. This 18 year old company that has never made a profit turned in a net loss of $123 million, versus $54 million in the first quarter of 2020. This is actually a little better…
+
+
+
+
+
+
+ Finance, Investing, Meme stocks, Money, Palantir, Palantir Technologies, PLTR, Reddit, SaaS, Software, Stock Market, Stocks, Tech, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Palantir CEO Alex Karp earned compensation worth about $1.1 billion in 2020, primarily through equity awards granted shortly before his software company went public. More here. This company is losing $100 million a month and has never turned a profit in 18 years of existence. I know, I know, Amazon.…
+
+
+
+
+
+
+ Finance, Meme stocks, Palantir, Peter Thiel, PLTR, Reddit, Stock Market, Stocks, Tech, Tech stocks, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
GameStop CEO George Sherman will be leaving the company soon, but not empty handed: As a condition of his exit, GameStop is speeding up the time frame for Sherman to receive the shares, generating the award. Sherman, who has been CEO since April 2019, forfeited $98 million worth of stock…
+
+
+
+
+
+
+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Stock Market, Trading, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
Despite its lofty valuation, Palantir Technologies Inc. is barely growing: In the fourth quarter, he points out, Palantir signed 21 deals worth more than $5 million, and 12 of more than $10 million. But he adds that it isn’t clear how many of those are actually new customers, as opposed…
+
+
+
+
+
+
+ Business+ Government contracts, Meme stocks, Palantir, Palantir Technologies, Peter Thiel, PLTR, Reddit, SaaS, Software, Surveillance, Tech, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
+
+
+
+
+
+
I spent some time browsing the GME sub* on Reddit yesterday, curious what some of the stock’s most fervent supporters are saying. What I found surprised me. The most striking discussions were intensely personal. One poster described saving up his GameStop winnings for sex reassignment surgery, a lifelong dream (usernames…
+
+
+
+
+
+
+ Community, Day trading, Finance, Friends, Gamestop, GME, Investing, Life, Meme stocks, Reddit, Stock Market, Stocks, Virtual worlds, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
-
Melvin Capital, the hedge fund that dug itself into a hole during the GameStop saga, extended its first-quarter losses to 49%. The firm, founded by portfolio manager Gabe Plotkin, saw a 53% decline in January, reversed some of that loss by gaining 22% in February, but slid another 7% in…
+
+
+
+
+
+
+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Retail, Stock Market, Stocks, Video games, Wallstreetbets+
+
+
+
+
+
+
+
+
+
+
+
Tremendous 