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“#Publishers scramble to sign ‘Reddit rally’ authors: sources” The media world is salivating over the “Reddit rally.” As Hollywood moves to write the screenplay, Big Apple book publishers are scrambling to sign authors to cover the bizarre trading phenomenon, sources said. At least three proposals are circulating for book deals on how cheap stocks like…
“#Brett Ratner’s RatPac buys WallStreetBets founder’s story” The man behind the message board that sparked a stock market revolution has sold his life story to director Brett Ratner’s film production company, a new report says. Jaime Rogozinski, the founder of Reddit’s WallStreetBets forum, made the deal earlier this week with Ratner’s RatPac Entertainment, whose roster…
“#Redditor behind GameStop rally says he lost $13M in one day” “DeepF—ingValue” went deep in the red. The Reddit user who helped spark the explosive rally in GameStop’s stock price said he lost more than $13 million in a single day as the shares crashed. Keith Gill — the Massachusetts man better known as DeepF—ing…
“#’Wolf of Wall Street’ Jordan Belfort rallies behind Reddit uprising” He’s the Wolf of WallStreetBets. Infamous stock broker Jordan Belfort threw his support behind the Reddit-fueled revolution in America’s financial markets, saying it would bring about “radical change.” “I believe this is a paradigm shift right now,” Belfort — the inspiration for the hit film…
“# Mark Cuban talks Bitcoin HODLers and blockchain stocks in recent AMA ” Jumping on the r/Wallstreetbets subreddit for an Ask Me Anything session recently, Dallas Mavericks owner Mark Cuban shared his thoughts on GameStop shorts, general investing, and various crypto-related topics. The billionaire said “the game is changing” when it comes to stocks, but…
“#GameStop stock plunges for second straight day” GameStop’s stock price dropped sharply for a second straight day on Tuesday in a sign that the retailer’s Reddit-fueled rally is losing steam. The Texas-based video-game chain’s shares plunged more than 32 percent to $152.40 in premarket trading as of 7:20 a.m. on the heels of a nearly…
“# Robinhood reportedly shelves IPO plans in wake of GameStop PR disaster ” Trading app Robinhood may have put its plans for an initial public offering on hold after public opinion turned against the company in the wake of its response to the short squeeze on GameStop (GME). According to Fox Business Network’s Charles Gasparino,…
“#Reddit’s ‘epic’ silver squeeze is only helping Wall Street” Finally, a “Reddit rally” Wall Street can get behind. The merry band of day traders behind runaway stocks like GameStop piled into silver on Monday in an effort to squeeze Wall Street. But metals market experts say the resulting rally is more likely helping, rather than…
“#Social security will fail and other commentary” Fiscal watch: Social Security Will Fail At The Washington Post, Mitch Daniels admits defeat: All efforts to stop Social Security and Medicare from collapsing are futile, as “our political process is not capable of the kind of decisions that are necessary. The temptation to savage anyone proposing safety-net…
“# Reddit rage as XRP price crashes 50% hours after hitting two-week highs ” XRP, the number four cryptocurrency by market cap, crashed nearly 50% in under two hours on Feb. 1 as a trading frenzy backfired on new investors. XRP/USD 1-hour candle chart (Bitstamp). Source: TradingView XRP traders nurse 48% losses Data from Cointelegraph…