While GameStop’s surge has been heralded as a victory for underdogs, “Growing evidence casts doubt on the idea that the episode mostly benefited small-time investors…” reports the Washington Post. (Alternate URLs here and here “And, in at least some cases, novice investors lost their shirts.” Giant mutual funds that own the largest stakes in GameStop saw the biggest gains in value….
Tag: alternative data
Wall Street Is Keeping Very Close Tabs On WallStreetBets
Registered Coward v2 writes: Wall Street has decided if you can’t beat them, at least watch them. They’re paying for data that shows which stocks are most talked about on Reddit stock forums, ostensibly to allow them to adjust their positions or take advantage of opportunities to trade based on Reddit. Nothing could go wrong there, since Reddit would decide to…