30 min ago; More. 8 February 2021, 7:23 pm (Bloomberg) -- Reddit Inc. said it raised $250 million from private investors, riding a wave of attention after users of the social media website drove a stock market frenzy. Reddit has more than 50 million daily active users. Very few companies remained when the dust settled, but those who remained included Amazon, eBay, and Priceline. The meteoric rise of GameStop stock took over the internet. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome. The current CoinMarketCap ranking is #6, with a market cap of $24,617,689,275 USD. The thing I appreciate about red days is that it reminds me that the stockmarket is not a money printer. 30 min ago; More. $0.542192 USD with a 24-hour trading volume of $10,394,940,451 USD.. XRP is up 2.26% in the last 24 hours. The Securities and Exchange Commission and the White House both said they are monitoring the situation. No cryptocoin discussions unrelated to stocks, Press J to jump to the feed. (Bloomberg) -- Reddit Inc. said it raised $250 million from private investors, riding a wave of attention after users of the social media website drove a stock market frenzy.Terms of the funding, led by Vy Capital, push the company’s valuation to $6 billion, a spokeswoman said. The GameStop chaos is what happens when a stock becomes a meme. supply of 100,000,000,000 XRP coins.The top exchanges for trading in XRP are currently … Rather than flitting from hot stock to hot stock, his only posts on Reddit have been screenshots showing the value of his GameStop position, dating from September 2019 to this Thursday. Had I not covered this erroneous short position, the shorts probably would have become what we know to be "Failures to Deliver". The start-up, which was at the center of a recent stock market frenzy, was valued at $6 billion in the new funding round. Terms of the funding, led by Vy Capital, push the company’s valuation to $6 billion, a spokeswoman said.Reddit intends to spend the cash to develop its advertising business, expand internationally and add … 781. It became this kind of call to arms to take on Wall Street, and it … What Happened to the GameStop Stock? CHILDS: And a while back, one of these Reddit traders started making the case that GameStop was a good stock to bet on, had all this cash. But instead I'm out a bunch of money in my retirement account that was a result of this bug, and Schwab owes me about $180k. If you invest you cannot count on the money to be there for another day. Press question mark to learn the rest of the keyboard shortcuts, https://www.reddit.com/r/stocks/comments/lnvero/i_strongly_suspect_that_schwabameritrade_does_not/. About XRP. Steve Huffman, Reddit… Reddit Inc. said it raised $250 million from private investors, riding a wave of attention after users of the social media website drove a stock market frenzy. NSE Gainer-Large Cap . Thanks to a group on Reddit with millions of followers, individual investors have sent the value of GameStop’s stock soaring this week, shocking Wall Street investors who bet big on the retailer's decline. Meme Patrol. The Dow … Read full article. Hot New Top Rising. So when we are supposed to buy the dip, for the average portfolio, where does that capital come from? Join. Reddit Inc. said it raised $250 million from private investors, riding a wave of attention after users of the social media website drove a stock market frenzy. FEATURED FUNDS ★★★★ ★ Axis Long Term Equity Direct Plan-Growth. In short, I had some GME shares, and used the interface to sell them immediately after I read that Robinhood announced the disabling of their buy button. Despite arguments, however, one thing remains clear. Both of these industries and others rely on Silicon. By using our Services or clicking I agree, you agree to our use of cookies. XRP price today is . The GameStop stock is crashing as of this writing. SEC US Govt. Reddit Inc. said it raised $250 million from private investors, riding a wave of attention after users of the social media website drove a stock market frenzy. But then part of the argument became this kind of unusual thing, that it was a good stock to bet on because these big, established hedge funds were betting against it. Reddit is an extremely powerful platform. Read full article. Reddit's value doubles to US$6b with new funding after users fueled a stock frenzy. Is it implied that one should have cash available? If I was lucky and the price went down, I could have been able to cover the short at a huge gain, and could have kept my mouth shut (not that I would have). This is a story that *involves* GME, but it is not *about* GME. Founded in 2005, Reddit allows anyone to submit posts or links to articles and asks the community to vote each one up or down. Many lost money as companies folded after their stocks dried up. Press J to jump to the feed. Subsequently, my account showed that both "sells" went through. Reddit's WallStreetBets hit by bots 05:49. I do what I want, I like the stock, and there is a serious problem here completely unrelated to how retarded I am, and the general public absolutely needs to know what is going on. Rather than flitting from hot stock to hot stock, his only posts on Reddit have been screenshots showing the value of his GameStop position, dating from September 2019 to this Thursday. Investors left the market. The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. Michael Mauboussin tackles a host of issues, ranging from Reddit Wallstreetbets to Taper Tantrum fears and the recent challenges in value investing. It may very well be the case that the bug is still a problem, as far as I know. The stock gyrated throughout the morning, briefly … Published . Having plunged from almost $500 a share to a mere $50 recently, the stock is still extremely risky and expensive. Hey guys if you are beginning your investing journey and would like to learn the basic principles of value investing, I have created a playlist of 4 videos which explains how to perform detailed stock analysis - covering fundamental analysis, intrinsic value calculations using different models, and qualitative analysis including competitive advantage (moat) indicators. About XRP. card. XRP price today is . The guy on the phone said they were having lots of problems with this bug, in other equities too. Related: I recently posted something that made me suspicious to r/stocks - https://www.reddit.com/r/stocks/comments/lnvero/i_strongly_suspect_that_schwabameritrade_does_not/. The current CoinMarketCap ranking is #6, with a market cap of $24,617,689,275 USD. Hot New Top. But then part of the argument became this kind of unusual thing, that it was a good stock to bet on because these big, established hedge funds were betting against it. As the stock price rises, so does the value of the calls, often by far more. Adani Gas 492.45 65.5. It became this kind of call to arms to take on Wall Street, and it snowballed from there. The S&P 500-stock index was largely flat less than an hour before the close of trading. Hot. Almost any post related to stocks is welcome on /r/stocks. So I flipped my shit and now I'm posting about it here. Reddit had been growing even before its WallStreetBets message board upended Wall Street last month by driving up the stock prices of GameStop and other unloved companies. https://arstechnica.com/cars/2021/02/a-silicon-chip-shortage-is-causing-automakers-to-idle-their-factories/. By Stephen Gandel Updated on: January 29, 2021 / 8:45 AM / MoneyWatch The Securities and Exchange Commission and the White House both said they are monitoring the situation. Reddit has more than 50 million daily active users. Some memes and investment slang terms are part of a movement that's assisting in driving the price of some stocks. He’s 34, wears a… In other words, what’s the best way to be ready to buy a dip? (Bloomberg) -- Reddit Inc. said it raised $250 million from private investors, riding a wave of attention after users of the social media website drove a stock market frenzy.Terms of the funding, led by Vy Capital, push the company’s valuation to $6 billion, a spokeswoman said. For now, the little guys are winning. Is there a play here and how do we profit? More from. Reddit Value Hits $6 Billion After Users Fueled a Stock Frenzy. Reddit's WallStreetBets hit by bots 05:49. It has a circulating supply of 45,404,028,640 XRP coins and a max. Keith Gill, the Redditor known as “DeepF–kingValue” who led an army of average Joes to drive up the cost of GameStop stocks, is everything you’d expect him to … The u/DeepFuckingValue community on Reddit. But users have predicted a hypothetical Reddit IPO to be anywhere from $4.20 per share at a $69 billion valuation down to a $3-$5 billion valuation. 5Y Return. For its part, Reddit said it had not been contacted by the authorities over the stock price movements. The stock market value of at least two major international cinema chain owners has risen amid a ‘short squeeze’ on typically low-value stocks, coordinated on social news website Reddit. Reddit's value doubles to US$6b with new funding after users fueled a stock frenzy. Reddit gives you the best of the internet in one place. Only the Memes! One redditor even quoted a per share price of Reddit stock at $.20. Posts. Then my account had the cash from both sales, and a negative balance of shares that I was required to deliver in 3 days. For now, the little guys are winning. I understand why one would “buy the dip” on a particular stock or other security they like. Reddit gives you the best of the internet in one place. What I don’t understand is where the capital is supposed to come from. GameStop stock crashed, but Reddit still wants to send it to the moon. The u/Stock-Value-1939 community on Reddit.