Reddit group WallStreetBets hits 6 million users overnight after a wild week of trading antics
Shona GhoshJan 29, 2021, 20:52 IST
REUTERS/Dado Ruvic/Illustration/File Photo
r/WallStreetBets has hit 6 million users, after gaining more than 1.5 million users overnight.
The
GameStop s shares this week.
The public has been captivated by a narrative of everyman traders vs Wall Street.
Reddit community r/WallStreetBets surged by more than 1.5 million users overnight to 6 million members on Friday, as newly minted day traders and meme lovers piled in to watch the fun.
According to FrontpageMetrics, an unofficial site that measures subreddits growth, r/WallStreetBets was the fastest-growing all week, increasing its members by more than 2 million over the last 7 days. The group started Thursday with 4.4 million members.
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The history of Dogecoin, the cryptocurrency that surged after Elon Musk tweeted about it but started as a joke on Reddit years ago
The history of Dogecoin, the cryptocurrency that surged after Elon Musk tweeted about it but started as a joke on Reddit years ago
Grace KayFeb 9, 2021, 21:51 IST
DogecoinPiotr Swat/Shutterstock.com
Dogecoin rose to a record high on Monday, becoming one of the top 10 cryptocurrencies by market value.
Tweets from Elon Musk and Snoop Dogg about the coin helped drive the surge.
In 2013, Dogecoin started as a joke between two engineers, but gained popularity quickly.
The digital currency based on a meme - Dogecoin - has continued to capture public attention as Tesla CEO Elon Musk and rapper Snoop Dogg sent out a flurry of tweets over the weekend, driving up the price of the meme-currency.