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r/wallstreetbets, also known as WallStreetBets or WSB, is a subreddit where participants discuss stock and option trading. It has become notable for its colorful and profane jargon, aggressive trading strategies, and for playing a major role in the GameStop short squeeze that caused losses for some US firms and short sellers in a few days in early 2021.
On March 8, the stock saw continued rising of 41 percent to $194.50, and with around 25 percent of the stocks being shorted at this time. [44] On March 9, the stock surged to its highest point since January, resulting in a market capitalization over $17 billion. Shares closed at $246.90, and increased a further 3 percent in after-hours trading ...
By January 27, according to screenshots he posted on Reddit, Gill's original investment was worth nearly $48 million. [3] However, the value of the stock continued to fluctuate wildly; he lost $15 million in one day, and when markets closed on January 29, The Wall Street Journal confirmed that his brokerage accounts held $33 million. [8]
The meme stock rally in 2021 was set off by Gill's posts on Reddit's Wallstreetbets discussion group about the gains he had made on his investments in the highly shorted firm.
Take-Two Interactive beat estimates on the top and bottom line for Q1 2022, but missed on guidance for Q2. Take-Two stock sinks as earnings top estimates, but forecast falls short [Video] Skip to ...
Take-Two stock closed Thursday at $169.60 per share and was down more than 10% in afterhours trading Thursday. The regular U.S. stock markets will reopen at 9:30 a.m. ET Friday. Best of Variety
Private Division is an American video game publisher based in New York City. The company was founded by Take-Two Interactive and announced in December 2017. Private Division funds and publishes indie games developed by small to mid-sized studios.
Reddit, whose initial public offering in March valued the company at $6.4 billion, will report quarterly results for the first time on Tuesday. Reddit CEO beneficially owns 61.5% of class A shares ...