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AMCX). Both have soared more than 100% since the start of 2021, with most of those gains coming since late February.
Expect more to come.
Whenever the history of the 2020-’21 bull market is finally written, the “Reddit Wars” will capture at least a couple prominent chapters.
Reddit is home to thousands of communities that form organically around specific interests. The community wielding “wild card” impact on the stock market is called “WallStreetBets.”
This community highlights, discusses, and debates specific stocks, as well as various stock market phenomena. Although WallStreetBets was virtually unknown in 2020, it has gained nationwide notoriety as the force that powered GameStop and other stocks shares to stratospheric levels in the process inflicting billion-dollar losses on a couple of major hedge funds.