An anonymous reader quotes a report from CNET: GameStop’s stock price shot through the roof in late January thanks to traders on Reddit. Now at least two government agencies are reportedly investigating why it happened as well as what roles Reddit and trading app Robinhood played in the stock market craziness. The Department of Justice’s fraud section and the San Francisco…
Tag: subreddit
Wall Street Fund Wants To Hire r/WallStreetBets Users To Help Pick Meme Stocks
An anonymous reader quotes a report from Gizmodo: Cindicator Capital is the kind of investment fund that relies on software and algorithms to model investment strategies based on any number of disparate factors. In the wake of the WallStreetBets subreddit throwing hedge funds into chaos and driving stock prices to non-sensical extremes, Cindicator has posted a job listing on LinkedIn hoping…
Reddit User Claiming To Be Tesla Insider Appeared To Reveal Bitcoin Buy a Month Ago
A Reddit user claiming to be a Tesla insider appeared to announce the carmaker’s purchase of bitcoin a month ago, according to a January post on the platform that said the electric carmaker had bought $800 million worth of Bitcoin. Reuters reports: The post here received little attention when it appeared, with the date on it reading Jan. 2, but it…
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…
Reddit Joins With Ethereum Foundation To Build Scaling Tools
Reddit is growing its role in the Ethereum ecosystem, with the goal of building out scaling tools for the blockchain network. From a report: The social media platform announced this week that it was expanding its work with the Ethereum Foundation to provide development resources to scaling tools. In the announcement, posted to the Ethereum subreddit, Reddit employee u/jarins said the…
Google Deletes Nearly 100,000 Negative Reviews of Robinhood App
According to The Verge, Google has removed nearly 100,000 negative reviews of the Robinhood app from the Google Play Store. From the report: After some disgruntled Robinhood users organized campaigns to give the app a one-star review on Google’s Play Store and Apple’s App Store — and succeeded in review-bombing it all the way down to a one-star rating — the…
Discord Bans the r/WallStreetBets Server As Subreddit Goes Private
According to The Verge, Discord has banned the r/WallStreetBets server for allowing “hateful and discriminatory content after repeated warnings.” It did not ban the server for financial fraud. We have also learned that Reddit’s WallStreetBets subreddit has been set to private. Here is Discord’s full statement: The server has been on our Trust & Safety team’s radar for some time due…
10 Years After Its Discontinuation, Some Fans Still Love Microsoft’s Zune Mp3 Player
“It was weird to own a Zune in 2005,” remembers a new article in the Verge. “It is even weirder to own a Zune in 2021 — let alone 16 of them. And yet, 27-year-old Conner Woods proudly shows off his lineup on a kitchen table.”
They come in all different colors, shapes, and sizes, and each can be identified by that…
Discord Bans Pro-Trump Server From Its Platform
Mashable reports:
We’re all judged by the company we keep. With that adage seemingly in mind, Discord moved Friday to ban a pro-Donald Trump server from its platform. TheDonald, as the server was titled, allowed likeminded individuals to digitally gather and was directly linked to the recently banned r/DonaldTrump subreddit and a separate discussion forum… “While there is no evidence of that…
Twitter Permanently Bans Trump, While Reddit Bans r/donaldtrump Forum For Inciting Violence
U.S. President Donald Trump was “permanently suspended” from Twitter Friday afternoon. “After close review of recent Tweets from the account and the context around them we have permanently suspended the account due to the risk of further incitement of violence,” reads Twitter’s announcement. The announcement has since caused a new word to trend on Twitter: “Permanently.” Meanwhile, Reddit has banned r/donaldtrump…