The stock became a piece in a rather complicated financial power struggle between a major hedge fund, Melvin Capital, and a group of internet investors who congregated on Reddit. GameStop skyrocketed around 8,000% over six months. This was because GameStop, a US-based video game retailer, spiked over 700% during a frenzied few days at the end of January. Why does Reddit have any impact on the stock market?Īt the start of 2021, Reddit cemented itself as a key trading indicator for many seasoned and institutional investors around the world. To generate this list, we’ve aggregated trending stock information from Reddit’s most active subs, including r/WSB, r/stocks, r/investing and r/ShortSqueeze. All international money transfer services.
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