Reddit Trading Group Wallstreetbets Goes Private: Where Will Retail Traders Go Now?

by posted 3weeks ago 8 views
What Happened: Only users who moderators have approved will be able to view the page and take part in discussions. Why This Matters: WallStreetBets is the group that initiated the mega GameStop Corp (NYSE: GME) short squeeze at the end of January. They managed to drive the price of GameStop to over $400 while causing massive damage to hedge funds that shorted it, such as Melvin Capital. WSB stood together while brokerages like Robinhood (which recently filed for an IPO) banned buying “meme stocks” and driving fear in the market.

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