Business
WallStreetBets Reddit: History of GameStop-boosting stock group – Insider – INSIDER
The WallStreetBets subreddit has exploded in popularity, but it’s been around creating memes since 2012.
Over the past week, stocks in GameStop, AMC theaters, and a multitude of other seemingly fading companies have soared in value. For stockbrokers and traders, these massive price hikes seem like an anomaly but those plugged into the online forum Reddit aren’t shocked. The spikes follow a targeted wave of enthusiasm aiming to boost the stock valuations from members of the subreddit r/wallstreetbets.
For many, the GameStop rally might be the first time they’ve heard of the community, but r/wallstreetbets…
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