Business / Corporate Dec 19, 2021
Reddit IPO to test social media platform's 'meme' stock hype
by Dawn Chmielewski and Sheila Dang
The San Francisco-based company filed confidentially last week with U.S. regulators for an initial public offering.
Business Dec 16, 2021
The San Francisco-based company reported $100 million in advertising revenue in the second quarter, an almost threefold jump from the same period last year.
Business / Financial Markets Jul 10, 2021
Inspired by Reddit forum WallStreetBets, members of a 122,000-strong community hope to corner the silver market and bring down what they say is an unjust banking system.
World Jun 8, 2021
High traffic websites including Reddit, Amazon, CNN, Paypal, Spotify and the New York Times were listed as experiencing problems by outage tracking website Downdetector.com.
Business Apr 4, 2021
As meme stock mania fizzles, Wall Street sees ‘big reckoning’
by Bailey Lipschultz
The day-trading Reddit crowd turned the first quarter of 2021 into one of the wildest periods of stock market mania in modern history. Books — plural — will undoubtedly be dedicated to the topic in years to come. But after these small-time speculators banded together ...
Business / Financial Markets Feb 3, 2021
GameStop and other Reddit-favored stocks plunge as trading frenzy fizzles
Analysts predicted that the market frenzy, which has drawn the attention of regulators and politicians, was likely to fade, and said it was just a question of how soon.
Business Feb 3, 2021
GameStop frenzy is lost in translation for Japan’s day traders
by Gearoid Reidy and Shoko Oda
Whatever the reason, Japan’s throngs of retail investors seems reluctant to get too involved in the GameStop Corp. trading frenzy that has shaken markets worldwide.
Business / Financial Markets Feb 1, 2021
The Reddit army bailout: Desperate companies get new lifelines
by Davide Scigliuzzo and Katherine Doherty
It’s the kind of rescue that the most indebted companies in America can only dream of: a fresh injection of cash that doesn’t hurt their already depressed stock price or load even more costly debt onto their balance sheet. Yet thanks to the army of ...
Business Jan 31, 2021
A tulip by another name? 'Gamestonk' and the case for investor caution
The likelihood that most of the losses from the rally in GameStop will come among the same group of retail investors who prodded it higher is leaving many on Wall Street baffled.
Business | ANALYSIS Jan 30, 2021
GameStop's 'Reddit rally' puts scrutiny on social media forums
by Paresh Dave, Katie Paul and Elizabeth Culliford
Social media services restrict discussions about weapons, drugs and other illegal activity, but their rules do not specifically mention another lucrative regulated good: stocks.
Business / Financial Markets Jan 29, 2021
Trading curbs by Robinhood reverse GameStop rally, angering upstart traders
by Kate Kelly, Matt Phillips and Gillian Friedman
Investors claimed that the very apps that had democratized trading — Robinhood in particular — were now doing the bidding of Wall Street.