27 May 2021, 01:05 am
On Wednesday, May 26, Jim Cramer of CNBC hit those who bet in on AMC Entertainment and GameStop. According to him, he was not sure why investors would waste their time on the two meme stocks that created loud news on the WallStreetBets forum on Reddit.
Cramer has left a series of comments about the sudden increase of shares of the two companies. During that day, GameStop s stocks have skyrocketed to 16% while the AMC shares shot up at 19%. While these indications are good news for those who bet their money to the said firms, there could be a downside in considering them.
17 February 2021, 10:53 pm EST By
Reddit is now involved in a lawsuit claiming that bots and foreign entities had a hand in the r/WallStreetBets subreddit which contributed to the almost 400 percent rise of GameStop s stocks early this year. The Reddit CEO has clarified that there has been no evidence of that allegation and would be testifying in front of Congress to defend the platform.
(Photo : (Photo by Zach Gibson/Getty Images))
WASHINGTON, DC - OCTOBER 16: Reddit Inc. co-founder and CEO Steve Huffman looks on during a hearing with the House Communications and Technology and House Commerce Subcommittees on Capitol Hill on October 16, 2019 in Washington, DC. The hearing investigated measures to foster a healthier internet and protect consumers.
10 February 2021, 10:09 pm EST By
Electronic devices and gadgets are a massive demand in the world, particularly when the pandemic started as everyone was required to transition to a full digital setup at home to connect in school and work. However, this meant that the demand for gadgets rose and so does its components, which did not expect to be hit like the PlayStation 5 and now, the car industry.
(Photo : Photo by David Becker/Getty Images)
The Qualcomm Snapdragon 835 processor is displayed during a Qualcomm press event for CES 2017 at the Mandalay Bay Convention Center on January 3, 2017 in Las Vegas, Nevada. CES, the world s largest annual consumer technology trade show, runs from January 5-8 and is expected to feature 3,800 exhibitors showing off their latest products and services to more than 165,000 attendees.