Tag: Wallstreetbets
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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…
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+ Community, Day trading, Finance, Friends, Gamestop, GME, Investing, Life, Meme stocks, Reddit, Stock Market, Stocks, Virtual worlds, Wallstreetbets+
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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…
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+ Business+ Finance, Gamestop, GME, Investing, Meme stocks, Money, Personal finance, Reddit, Retail, Stock Market, Stocks, Video games, Wallstreetbets+
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GameStop plans to fire its CEO, Reuters reports: GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. It would be the biggest shakeup at…
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Social-media trading star Keith Gill, known by his social-media nickname Roaring Kitty posted what is believed to be a screenshot of his trading portfolio to Reddit Wednesday afternoon that may show a massive position in videogame retailer GameStop Inc. made up of almost $19 million in equity and $8.9 million…
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+ Business+ Gamestop, GME, Hedge funds, Investing, Meme stocks, Michael Jordan, Money, NBA, Personal finance, Reddit, Stock Market, Stocks, Wallstreetbets+
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Traders on Reddit’s Wallstreetbets who are pumping GameStop stock could get in trouble with the law. From Lawyer Monthly: There’s no clear indicator that what occurred is illegal, but it certainly falls within a shady area. A large number of the investors who joined in, certainly in the later stages,…
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CEO Adam Aron told FOX Business Network’s “The Claman Countdown” Monday that the company has asked its shareholders to approve up to 500 million shares, even though there is no intention of using them all at this time. Aron insists he doesn’t plan to issue them all at once: And…
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A Palantir Technologies Inc. shareholder sued Peter Thiel and its other two founders in Delaware Chancery Court on Thursday, claiming they made themselves “corporate emperor for life” through charter provisions that make investor votes “magically appear and disappear” on demand. “The founders decided to completely untether voting power from equity…
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+ Business+ Investing, Meme stocks, Palantir, PLTR, Reddit, Software, Stock Market, Stocks, Tech, Wallstreetbets+
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Well, it’s here: GameStop Corp. GME -3.90% said it could raise hundreds of millions of dollars from stock sales in the coming months, as the videogame retailer turns to public markets to help support its turnaround plan. The company said Monday that it would sell up to 3.5 million shares,…
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Palantir Technologies, Inc. CEO Alex Karp had some sharp words for Wall Street recently: “We told the Wall Streeters that we will focus on building the long-term health of our company, that we are going to invest in our product development and in our clients, and you just have to…
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+ Business+ Day trading, Finance, Investing, Palantir, Peter Thiel, Stock Market, Stocks, Tech, Wallstreetbets+
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Tremendous 